With Man Group–GLG Partners Deal, Who’s in Control?
|June 12th, 2013||
|Three years after Man Group’s acquisition of GLG Partners, the jury appears to still be out on the deal’s success. Moreover, as reported by Financial News, all indications suggest that the tables have been turned on Man Group as GLG Partner’s culture, management style, and product portfolio have largely permeated the once dominant hedge fund firm. |
With GLG Partner’s co-CEO Manny Roman’s ascent to Man Group CEO, the remnants of Man Group’s infrastructure have been gradually falling away with senior management and portfolio manager departures. However, as industry analysts suggest, if the GLG Partners-Man Group experiment is to work, regardless of who is on top, it must make significant inroads into the U.S. market and regain the confidence of investors who feel their interests have been subordinated to shareholders.
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