In CEO and FD video interviews with financial news website Cantos, the hedge fund giant’s CEO Peter Clarke, said that redemptions in October had returned to more normal levels following a stressful September period and that the benefits of the now fully integrated GLG business were coming through as evidenced by $2bn of cross selling benefits in the six month period.
FD Kevin Hayes confirmed that $50m of cost savings following the GLG acquisition had now been delivered and that an additional $20m of savings had been identified for 2012.
Man acquired GLG in October 2010 for $1.6 billion.
Editing by Alex Akesson
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