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Man Group Speculators Chase Hedge Funds at Record Low: Real M&A

Bloomberg – For asset managers seeking hedge fund-like returns on the cheap, Man Group Plc is now offering the biggest discount on record.

The world’s largest publicly traded hedge-fund manager was valued at 0.65 times net assets this week before takeover speculation lifted Man Group’s stock from its lowest price in more than a decade, according to data compiled by Bloomberg. The London-based company also had about $1.7 billion in cash, more than any investment management firm in the industrialized world relative to its market value, the data show.

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