{"id":29092,"date":"2012-05-21T08:43:21","date_gmt":"2012-05-21T12:43:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29092"},"modified":"2012-05-24T14:29:09","modified_gmt":"2012-05-24T18:29:09","slug":"hedge-fund-giant-man-group-pays-142-8-million-for-frm-holdings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/hedge-fund-giant-man-group-pays-142-8-million-for-frm-holdings.html","title":{"rendered":"Hedge Fund Giant Man Group Pays 142.8 Million For FRM Holdings"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – Man Group\u00a0is set to pay up to $142.8 million dollars for\u00a0FRM Holdings, a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion.<\/p>\n

Man and FRM’s combined multi-manager business will have total funds under management of approximately $19 billion, making it the largest independent non-US based fund of hedge funds.<\/p>\n

Upon completion, the combined business will trade under the FRM brand and will be led by\u00a0Luke Ellis, Chief Executive of Man Multi-Manager and previously Managing Director of\u00a0FRM. Luke’s knowledge of both businesses will accelerate integration and ensure\u00a0continuity for fund investors. Blaine Tomlinson, founder of FRM, will become non-executive Chairman of the combined business.<\/p>\n

“This financially compelling transaction provides us with the opportunity to significantly improve the profitability of our multi-manager business.” Peter Clarke, Chief Executive of Man, said, “By combining the complementary investor bases of the two businesses and pairing FRM’s well regarded investment process with Man\u2019s managed accounts infrastructure, we can increase revenues with no material change to Man’s current cost base.”<\/p>\n

Alex Akesson
\nEditor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.net) – Man Group\u00a0is set to pay up to $142.8 million dollars for\u00a0FRM Holdings, a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion. Man and FRM’s combined multi-manager business will have […]<\/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-29092","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29092","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=29092"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29092\/revisions"}],"predecessor-version":[{"id":29095,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29092\/revisions\/29095"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}