Pittsburgh Post-Gazette – Stanley Fink has already transformed United Kingdom-based Man Group PLC from a stodgy commodities trader — it once supplied rum rations to the British Navy — into one ofthe world’s biggest hedge-fund companies.
Now he is hoping to propel Man into the top ranks of independent financial brokers by snapping up a chunk of the futures-trading business of Refco Inc., the scandal-ridden brokerage firm that collapsed a month ago.
The deal is the latest step in the remarkably speedy unfolding of events at Refco, which had gone public in a stock offering this past August.
