Mergers & Acquisitions / Joint Ventures

Man and FRM unites assets to create the world’s biggest independent non-US FoHF


Blaine Tomlinson
Luke Ellis
The proposed Man Group/Financial Risk Management (FRM) deal has created the largest independent, non-US funds of funds in the world with $19 billion in assets.

Head of multi-manager business Luke Ellis’ plan to become an institutional one-stop shop of hedge fund products covering commingled FoHFs and sophisticated institutional solutions based on research strength, direct managed accounts investments, risk and advisory services and manager seeding activities is finally taking shape.

In 2010, there were at least 16 FoHF M&A deals, and while things may have quietened down in 2011