Man Group Sells Stake in MF Global
| August 16th, 2009 | ||
| Man Group, the London-based alternative investment management firm, announced that it has sold its remaining stake in MF Global (NYSE: MF), the futures and options broker, according to NY Times Deal Book. The sale will net Man Group $112 million initially and also provide the opportunity for gains from future share prices increases over the next three to four years. Man Group spun off MF Global in 2007 to focus on its hedge fund business but had retained an 18.6% stake. | ||
See Source | ||
For Detailed Investor Profiles on these Investors, click below: |
Man Group plc |
Related People: John Rowsell;
Related Entities: AHL;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions
Add a Comment |
More Recent Headlines
Steel Partner’s Warren Liechtenstein Prepares for Bank Chairman Role |
Alnbri Management Sells Hybrid Fund II to Woodward Alpha Management |
Maverick Capital, Water Street, Seasons Capital, Alkeon and Galleon Management top Solar investing Hedge Fund List |
Pershing Square’s Bill Ackman raises his stake in Target |
Goldman's Board Is Getting Too Cozy |
Tontine Partner’s Latest Fund Finds Early Success |
Brevan Howard, BlueCrest, Marshall Wace and Man Group top FN’s Most Influential |
Rough Day for Shareholder Activist: Tim Barakett Leaving Atticus Capital |
Galleon Management, Gartmore, Sirios Capital and BTG Investments make New Hires |
Centaurus Advisors’ John Arnold Questions the Efficiency of Position Limits on Commodities Traders |
