Mergers & Acquisitions / Joint Ventures

Man finalising negotiations over $1.5bn managed account deal

by

Peter Clarke

Man Group is set to announce the win of a major European institutional client to set up a bespoke managed account platform to manage in excess of $1.5 billion.

Man had $68.6 billion in assets under management at 31 December 2010, according to the latest third quarter interim statement. The GLG deal added $25.4 billion to Man’s $40.5 billion at 30 September 2010. The growth in assets at AHL, GLG and Man Multi-Manager was largely generated by strong positive performance that generated much of the additional $2.8 billion for investors.

Man is set