Mergers & Acquisitions / Joint Ventures

Man and GLG complete acquisition to create $63 billion manager

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Man Group and GLG Partners have announced that the recommended $1.6 billion acquisition of GLG by Man has been completed, following the approval of the transaction by GLG shareholders earlier this week.

The two firms said the deal will create a multi-style, performance-focused alternative asset manager with funds of around $63 billion under management – with GLG now becoming a wholly-owned subsidiary of Man. 
 
“The acquisition of GLG is a significant milestone in Man’s development as a global leader in alternative asset management,” said Man Group CEO Peter Clarke. “Investors are now able to gain access to managed futures,