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Man Group plc

317 bytes added, 19:08, 16 October 2014
/* Acquisitions and Partnerships */
On June 9, 2014 Man Group said it had agreed to acquire Pine Grove Asset Management, a hedge fund manager with offices in New York and Summit, N.J., which has about $1 billion in assets under management. The deal was designed to bolster Man's fund-of-funds business, FRM, through new product offerings.<ref>{{cite web|url=|name=Britain's Man Group to Acquire Pine Grove Asset Management|org=The New York Times|date=June 9, 2014}}</ref>
Man Group also acquired Numeric Holdings, an investment manager based in Boston, for up to $494 million in June.<ref>{{cite web|url=|name=Man Group to Buy Numeric Holdings of Boston|org=The New York Times|date=October 16, 2014}}</ref>
== Man Investments ==