Man Group Says Hedge-Fund Sale Exceeds Estimates, Sets Record

Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund company, said it took in $2.3 billion of client assets, more than the company had expected, in the sale of a new investment.

The Man IP 220 fund “is by far the largest global private client launch of a hedge fund product ever done,” Chief Executive Officer Stanley Fink said in a Regulatory News Service Statement today.

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