There are reasons why hedge funds have become ever more institutional...
By Neil Wilson
There are various reasons why hedge funds, in previous times derided as being from the "cowboy fringe" of asset management, have become ever more institutional. Pressure on the industry—both from regulators and investors—to move further in that direction has intensified since the recent financial crisis. Such details perhaps explain why the proposed merger of Man Group, listed on the London Stock Exchange, and GLG Partners, listed in New York, is being hailed in some circles as a game-changing event: The hedge fund business really is going mainstream.
The combination of Man and GLG is indeed awesome in