View source for Man Group plc

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{{Infobox_Company
| company_name = Man Group plc
| company_logo =   [[Image:ManGroup.gif]]
| key_people =     [[Emmanuel Roman]], chief executive
| foundation =     1783
| location =       London, U.K.
| employees =      1,600 in 13 countries
| products =       hedge funds, leveraged finance, convertible bonds
| homepage=        [http://www.mangroupplc.com www.mangroupplc.com]
}}

Man Group plc, based in London, is one of the financial world's leading providers of 'alternative investment' services for [[institutional]] and [[high net worth investors]] and is best known for its [[hedge funds]].  

== History ==
Man Group was begun in London 225 years ago as a [[brokerage]] by barrel maker [[James Man]] and floated on the [[London Stock Exchange]] (LSE) in 1994. It was known as E D & F Man Group plc until September 2000, when its name was shortened to Man Group plc.<ref>{{cite web|url=http://www.mangroupplc.com/Default.aspx?pageID=78|name=Group at a Glance|org=Man Group plc|date=April 23, 2008}}</ref> The group spun off brokerage arm Man Financial, now called [[MF Global]], in 2007 after it had acquired the remnants of failed brokerage [[Refco]] the previous year for about $280 million. Man Group retains an 18 percent stake in [[MF Global]]. 

In January of 2007, Man Group was named to the Top 50 Low Carbon Pioneers by CNBC European Business television.<ref>{{cite web|url=http://www.cnbceb.com/Articles/2008/April/12/the-top-50-lowcarbon-pioneers.aspx|name=The Top 50 Low-Carbon Pioneers|org=CNBC European Business|date=April 29, 2008}}</ref>

== 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=http://dealbook.nytimes.com/2014/06/09/britains-man-group-to-acquire-pine-grove-asset-management/?_php=true&_type=blogs&_php=true&_r=0|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=http://dealbook.nytimes.com/2014/06/19/man-group-to-buy-bostons-numeric-holdings/|name=Man Group to Buy Numeric Holdings of Boston|org=The New York Times|date=October 16, 2014}}</ref>

== Man Investments ==
[[Man Investments]], the group's [[asset]]-management division, currently has an estimated $70 billion under management in low-correlation [[alternative investment]] funds.<ref>{{cite web|url=http://www.mangroupplc.com/Default.aspx?pageID=65|name=Group Overview|org=Man Group plc|date=April 23, 2008}}</ref> It operates six core investment managers: AHL, Glenwood, Man Global Strategies, RMF, Pemba and Bayswater.

In April 2008, Man Group announced that the group's chief executive, [[Peter Clarke]],<ref>{{cite web|url=http://www.mangroupplc.com/default.aspx?PageID=105|name=Peter Clarke|org=Man Group plc|date=April 23, 2008}}</ref> would take direct responsibility for [[Man Investments]] after the asset manager's current chief executive John Morrison retired in June 2008.<ref>{{cite web|url=http://online.wsj.com/article/SB120820511432913813.html?mod=googlenews_wsj|name=Man Group chief to step in as head|org=Financial News|date=April 23, 2008}}</ref>

In November of 2012, it became known that Man Group would sell claims to the estate of defunct U.S. [[investment bank]] [[Lehman Brothers]] in a $456 million deal that will boost its cash position. Man acquired the claims for $355 million in July 2011 from funds managed by its [[GLG Partners]] subsidiary. It has never disclosed the size of the original claims. GLG was one of hundreds of [[hedge fund]] and asset managers which had outstanding trades with Lehman that collapsed along with the bank in 2008.<ref>{{cite web|url=http://www.reuters.com/article/2012/11/16/uk-mangroup-lehman-idUSLNE8AF01E20121116|name=Man Group sells Lehman exposure for $456 million|org=Reuters|date=November 16, 2012}}</ref>

== Recent Results ==
Man Group reported $69.1 billion under management, more than doubling results from the year ended March 31, 2010. Profits before tax increased nearly 7 percent to $599 million. The group has also continued efforts to expand globally.<ref>{{cite web|url=http://uk.finance.yahoo.com/news/Man-Group-upside-surprise-digilook-854983685.html?x=0|name=Man Group in upside surprise|org=Yahoo Finance|date=May 26, 2011}}</ref><ref>{{cite web|url=http://www.mangroupplc.com/media/news-from-man/2011/press-release-26may2011.jsf|name=Results for the financial year ended 31 march 2011|org=Man Group plc|date=May 26, 2011}}</ref>

== References ==

<references />

[[Category:Public Company Hedge Funds]]
[[Category:Hedge Funds]]
[[Category:Man Group]]
[[Category:MarketsWiki Page of the Day]]