Man Group has completed its acquisition of GLG Partners.
The acquisition creates a multi-style, performance-focused alternative asset manager with funds of around USD63bn under management.
GLG is now a wholly owned subsidiary of Man.
Peter Clarke, chief executive of Man, says: “The acquisition of GLG is a significant milestone in Man’s development as a global leader in alternative asset management. Investors are now able to gain access to managed futures, equity, credit, emerging markets, global macro, across single manager funds, managed accounts, multi-manager portfolios and structured products, all managed by Man’s highly experienced and talented investment professionals. This builds on our commitment to providing investors with strong risk-adjusted performance that can add diversification benefits to an investment portfolio.”
