BBR – Hedge fund manager Man Group has agreed to sell its 25% interest in rival BlueCrest back to the firm for $633m.
Man’s investment in BlueCrest, which dates from 2003, is expected to generate a pre-tax profit on disposal of around $250m.
BBR – Hedge fund manager Man Group has agreed to sell its 25% interest in rival BlueCrest back to the firm for $633m.
Man’s investment in BlueCrest, which dates from 2003, is expected to generate a pre-tax profit on disposal of around $250m.