{"id":7417,"date":"2008-03-31T00:00:00","date_gmt":"2008-03-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-buys-50-percent-of-fund-manager-ore-hill","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/man-group-buys-50-percent-of-fund-manager-ore-hill.html","title":{"rendered":"Man Group buys 50 percent of fund manager Ore Hill"},"content":{"rendered":"<p>LONDON- Reuters) Man Group, the world&#8217;s largest listed hedge fund company, will buy 50 percent of U.S. credit specialist fund manager Ore Hill, seizing on what it said was &quot;significant opportunity&quot; presented by the credit crisis. <\/p>\n<p>Man said on Monday it would pay $195 million (98 million pounds) in cash from its existing resources and issue $40 million worth of new shares to help buy the stake in Ore Hill which is based in New York and has about $3 billion in funds under management.<\/p>\n<p>&quot;Ore Hill&#8217;s principals will invest the majority of the net proceeds received by them in a combination of Ore Hill funds and Man Group shares, in each case committed for five years,&quot; Man said in a statement.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/261117869\/idUKNOA12590720080331\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON- Reuters) Man Group, the world&#8217;s largest listed hedge fund company, will buy 50 percent of U.S. credit specialist fund manager Ore Hill, seizing on what it said was &quot;significant opportunity&quot; presented by the credit crisis. Man said on Monday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7417","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7417","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7417"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7417\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}