Man Group is now biggest in alternatives

Man Group's acquisition of RMF has made it the world's largest alternative investment house in terms of assets with $20bn under management.

Other consolidation moves in recent weeks have seen Threadneedle strengthen its fund of fund capability through a stake in Attica Asset Management and Mellon group expand its alternative asset arm through the acquisition of single-manager hedge fund specialists, HBV.

Man Group has acquired RMF, providers of alternative investment products in Europe with funds