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Man Acquisition of Hedge Fund GLG Showing Over $15 Billion New AUM

New York (HedgeCo.net) – Alternative investment management company Man Group has said that the integration with newly bought hedge fund GLG has advanced well, with marketing campaigns under way. The first product to blend Man flagship fund AHL and GLG is scheduled for launch in Q1 2011. AHL is up 6.6%.

“Assets are up at $67 billion as we sit here today,and the outlook for the second half remains positive.” Man CEO, Peter Clarke, said, “We are in a good place because we have got good performing assets and good performing products”.

GLG funds continue to perform well across a wide range of styles, with the top performing styles in the calendar year to 30 September 2010 being European distressed (+36.52%); macro (+28.55%); market neutral (+28.38%) and emerging markets (+10.06%)

At the completion of the hedge fund acquisition on 14 October, estimated funds under management at GLG were $25 billion, since then there have been net inflows of approximately $0.1 billion and funds under management have reached $40.5 billion.

Alex Akesson
Editor for
HedgeCo.net
alex@hedgeco.net
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