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GLG’s valuation at listing in 2007 – twice the value Man has placed on it |
Man Group’s acquisition of hedge fund GLG Partners will create the largest independent hedge fund manager in the world, with around $63 billion in combined assets under management. Man Group announced in mid-May that it would be acquiring GLG Partners for $1.6 billion. Up until this year, Man Group had focused on buying smaller hedge fund managers, but since January 2010 there had been speculation that it might be stalking a larger acquisition.
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