(The Guardian) Man Group is the most phenomenal money machine the City has seen for decades. Its trick was to catch the rise of hedge funds at their outset in the 1980s and pursue the growth of these”alternative” investments at a pace few rivals have been able to match.
The result is a FTSE 100 company worth £5bn, managing assets of £25bn. The sheer size of the business is also testament to Man’s reputation as a professional operator with strict internal controls that is happy to accept scrutiny by regulators.
