Man Group Completes GLG Deal
By Man Group Plc, PRNEWednesday, October 13, 2010
LONDON, October 14, 2010 - Peter Clarke, CEO Man Group, has stated his overall ambition to create
the premier alternative investment management business now that its
acquisition of GLG is complete.
The enlarged business will be a multi-style, performance-focused
alternative asset manager with funds of around $63 billion under management.
In a combined CEO and COO video interview with financial news website
www.cantos.com, Mr Clarke said there was much in common between the
two firms and that in today's world investors are increasingly looking at the
size and scale of the investment manager as well as the funds they are
investing in.
In the interview, Man's newly appointed COO, Emmanuel Roman, said the
deal was transformational and right for GLG investors, shareholders and
staff.
The two executives said the integration process was well under way and
going well and that the focus would remain on investors, performance and
having a suite of products with complementary investment returns. Already on
the horizon is a combined GLG-AHL product scheduled to be launched in the
first quarter of 2011.
The interview and transcript are available now on
www.cantos.com/company/Man%20Group.
Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives.
If you would like to contact us please email amanda.alexander@cantos.com or phone +44-207-936-1352.
If you would like to contact us please email amanda.alexander at cantos.com, or phone +44-207-936-1352.
Tags: London, Man Group PLC, October 14, United Kingdom