{"id":25823,"date":"2011-11-03T10:33:04","date_gmt":"2011-11-03T14:33:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=25823"},"modified":"2011-11-03T10:41:18","modified_gmt":"2011-11-03T14:41:18","slug":"hedge-fund-man-announces-50m-savings-following-glg-acquisition","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2011\/hedge-fund-man-announces-50m-savings-following-glg-acquisition.html","title":{"rendered":"Hedge Fund Man Announces $50m Savings Following GLG Acquisition"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/11\/Peter-Clarke-Chief-Executive.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25826 alignright\" title=\"Peter Clarke, Chief Executive\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/11\/Peter-Clarke-Chief-Executive.jpg\" alt=\"\" width=\"175\" height=\"178\" \/><\/a>New York (HedgeCo.net) &#8211; \u00a0Man Group announced details of a share buy back in conjunction with its interim results for 2011 today.<\/p>\n<p>In CEO and FD video interviews with financial news website Cantos, the hedge fund giant&#8217;s CEO Peter Clarke, said that redemptions in October had returned to more normal levels following a stressful September period and that the benefits of the now fully integrated GLG business were coming through as evidenced by $2bn of cross selling benefits in the six month period.<\/p>\n<p>FD Kevin Hayes confirmed that $50m of cost savings following the GLG acquisition had now been delivered and that an additional $20m of savings had been identified for 2012.<\/p>\n<p>Man acquired GLG in October 2010 for $1.6 billion.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; \u00a0Man Group announced details of a share buy back in conjunction with its interim results for 2011 today. In CEO and FD video interviews with financial news website Cantos, the hedge fund giant&#8217;s CEO Peter Clarke, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-25823","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25823","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=25823"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25823\/revisions"}],"predecessor-version":[{"id":25825,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/25823\/revisions\/25825"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=25823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=25823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=25823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}