Rumors that Man Group is abandoning its strategic relationship with Marin Capital Group, and pulling large chunks of capital from the convertible arbitrage group, appear to be wide of the mark. Man is understood to still have around $1 billion invested with the California-based group run by John Null and J.T. Hansen.
What appears to have fuelled the rumors is a strategic decision by Man to reduce its asset allocation to convertible bond funds, which many people thought would result in a dramatic reduction in its Marin holding.
However, Man appears to have only made a