DealBook – The Man Group has been in preliminary deals talks with Steven A. Cohen’s SAC Capital Advisors and GLG Partners, as the world’s biggest publicly listed hedge-fund manager seeks out possible acquisitions and other deals in the U.S., Bloomberg News reported, citing two people with knowledge of the discussions.
In its discussions with SAC, Man Group raised the possibility of taking a stake in the $12 billion hedge fund founded by Mr. Cohen, or perhaps distributing its funds, Bloomberg News said.
