![\"\"](\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/orehill.jpg\" "\\"Ore")
<\/a>“We are extremely excited to add Ore Hill to the GLG platform.” Raffaele Costa, Man’s Head of Sales for North America and Europe, said, “This solidifies our position as a leading\u00a0credit manager in addition to our already strong equity strategies. Ore Hill is a well established\u00a0manager, with a strong track record over nine years and they will spearhead our expansion into US credit.\u201d<\/p>\nMan\u2019s relationship with Ore Hill dates from 2008, when it bought a stake of approximately 50% in Ore Hill, a credit-focused, event-driven hedge fund and\u00a0structured product manager based in New York.\u00a0Ore Hill will remain as an investment adviser but the operations\u00a0will be integrated into and managed as part of GLG, Man\u2019s discretionary investment management\u00a0platform.<\/p>\n
Ore Hill manages a series of hedge funds with funds under management of approximately $800 million,\u00a0of which previously Man has consolidated 50%. Upon completion, these funds will be fully consolidated\u00a0into Man\u2019s funds under management.\u00a0Ore Hill also manages a $1.1 billion structured product.<\/p>\n
Alex Akesson New York (HedgeCo.net) – Hedge fund giant Man Group plc., yesterday entered into an agreement to take full ownership through its US subsidiaries\u00a0of Ore Hill Partners LLC and Ore Hill Partners Capital Management\u00a0LLC (together, Ore Hill). “We are extremely excited […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-21526","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21526"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21526\/revisions"}],"predecessor-version":[{"id":21529,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21526\/revisions\/21529"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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