Man group buys 50% of credit firm Ore Hill

Fri Apr 4, 2008



Market volatility and flailing credit and equity markets are making it difficult for hedge funds to post gains. But that hasn’t stopped a number of alternative investment firms, eyeing a value play, from buying stakes in hedge funds.

Man Investments announced Monday that it was acquiring 50% of U.S.-based credit shop Ore Hill Partners. At...

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