Reuters – London-based Man Group Plc’s math does not add up — at least when it comes to expanding in the rapidly growing U.S. hedge fund market, where it has been trying to establish itself for years.
By merging with GLG Partners Inc, another London-based hedge fund, Man may be moving to shore up its dominance in the European hedge fund market. But the deal with GLG is not likely to do much to improve Man’s failed efforts to become a big player in the United States, industry consultants, investors and lawyers said.
