Man Group PLC (OTCMKTS:MNGPF) (LON:EMG), one of the world’s largest hedge funds that made famous as an early pioneer in managed futures trend following, is in talks to acquire the long only investment boutique of Numeric Holdings.
Man would acquire new strategies and investor, marketing benefits
Boston-based Numeric is an institutional asset manager serving corporate and public pensions, foundations, endowments and sovereign wealth funds, which mimic’s London-based Man Group PLC (OTCMKTS:MNGPF)’s primary customer base and indicates significant synergies exist between the firms. It might be in their investing strategies where differences can be found. While both are quantitative investment firms where investment decisions are based solely on technical factors found in the movement of the asset’s price, Numeric is primarily a...
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