Hedge Fund News From HedgeCo.Net

Man Group Rises; UBS Says Hedge-Fund Firm Is a Bid Target

Bloomberg – Man Group Plc rose in London trading after analysts at UBS AG said the past year’s share- price decline for the world’s biggest publicly traded hedge-fund manager makes it a takeover target.

The shares rose 4.5 percent to 96.7 pence at 4:02 p.m. local time, giving London-based Man Group a market value of 1.8 billion pounds ($2.8 billion).

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