{"id":46037,"date":"2015-01-21T09:01:14","date_gmt":"2015-01-21T14:01:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=46037"},"modified":"2015-01-21T09:16:03","modified_gmt":"2015-01-21T14:16:03","slug":"silvermine-acquired-by-mans-hedge-fund-arm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2015\/silvermine-acquired-by-mans-hedge-fund-arm.html","title":{"rendered":"Silvermine Acquired by Man Group&#8217;s Hedge Fund Arm"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/12\/images.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-45387\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/12\/images.jpg\" alt=\"images\" width=\"231\" height=\"218\" \/><\/a>New York (HedgeCo.Net) &#8211; Man Group announced today the close of their previously announced acquisition of Silvermine Capital Management LLC, a Connecticut-based leveraged loan manager with $3.8 billion in AUM.<\/p>\n<p>Silvermine will be integrated into Man GLG, and will complement Man GLG\u2019s existing credit business. Silvermine\u2019s team will remain in place under the leadership of two of the firm\u2019s founders, G. Steven Kalin and Richard F. Kurth, who will continue to work alongside the other co-founders Aaron Meyer and Jonathan Marks.<\/p>\n<p>Mark Jones, co-CEO of Man GLG. said, \u201cSilvermine enhances Man GLG\u2019s existing credit business and provides increased expertise in the robust US credit markets, while benefitting from Man Group\u2019s access to capital, global distribution platform and highly sophisticated infrastructure and framework. This transaction also strengthens Man Group\u2019s commitment to expanding its US presence and complements an M&amp;A strategy focused on identifying high-quality businesses that represent a strong strategic, structural and cultural fit.\u201d<\/p>\n<p>Silvermine is wholly-owned by the firm\u2019s founders and senior staff members and is based in Stamford, Connecticut. The team of 17 focuses exclusively on managing US levered credit portfolios and, since inception in 2005, has executed 16 separate transactions totalling $6.7 billion.<\/p>\n<p>At 30 September 2014, Man Group\u2019s funds under management were $72.3 billion.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <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; Man Group announced today the close of their previously announced acquisition of Silvermine Capital Management LLC, a Connecticut-based leveraged loan manager with $3.8 billion in AUM. Silvermine will be integrated into Man GLG, and will complement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-46037","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46037","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=46037"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46037\/revisions"}],"predecessor-version":[{"id":46054,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46037\/revisions\/46054"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=46037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=46037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=46037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}