Man Group

Man is a world-leading alternative investment management business.

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Man Group confirms 2016 a disappointing year

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Hedge fund Man Group disappointed investors with pre-tax losses of $272m for 2016 Wednesday, largely driven by accounting write downs at the company’s discretionary investments arm, GLG, and at FRM, Man’s fund of funds business.

Man Group announces new chief executive

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Man Group has announced that Luke Ellis will succeed Emmanuel (Manny) Roman as Chief Executive Officer on 1st September 2016. Manny will step down from Man Group’s Board on 31st August 2016 in order to take up the role of Chief Executive Officer at PIMCO from 1st November 2016.

HOT LIST

Sunday Times 'City Rich List' - Top 20

The Sunday Times has just published its second annual 'City Rich List'. The newspaper has used various means to calculate the net-worth of the individuals mentioned - and many of those who made the list will not welcome the numbers applied against their names. Here's the Top 20 and a few other interesting entries:

Man Group Acquires Financial Risk Management

Man Group plc ('Man') has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management 'FRM'), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion.

Citi, Goldman Sachs, Man Group, UBS

The New York Post reports that Peter Scaturro, who ran Citigroup's private bank under Sandy Weill, is leaving his current post at US Trust (now owned by Bank of America) and is rumoured to be entertaining the idea of forming a 'boutique' wealth management firm. He is said to have had talks with private equity firms and his old mentor Weill about starting up a business.

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