Man needs one small step – to diversify from structured products


It is not surprising that Man sought to diversify through GLG and FRM to try and reduce dependence on structured products related to AHL

By Neil Wilson

It was not long ago that Man Group, the London-listed investment house, appeared to have a uniquely profitable business model – the envy of rivals, and seemingly impossible to replicate. Forged in the heyday of ex-chief executive Stanley Fink, it seemed to generate fees – and largesse for the group – from every angle you looked.

Building on relationships from its origins as ED&F Man in soft commodities, Man developed investment products that sold in the billions to investors around the world. Its distribution network seemed particularly strong in markets