Man Group Completes GLG Deal

Oct 14, 2010, 04:39 ET from Man Group PLC

LONDON, October 14, 2010 /PRNewswire-FirstCall/ -- Peter Clarke, CEO Man Group, has stated his overall ambition to create the premier alternative investment management business now that its acquisition of GLG is complete.

The enlarged business will be a multi-style, performance-focused alternative asset manager with funds of around $63 billion under management.

In a combined CEO and COO video interview with financial news website http://www.cantos.com, Mr Clarke said there was much in common between the two firms and that in today's world investors are increasingly looking at the size and scale of the investment manager as well as the funds they are investing in.

In the interview, Man's newly appointed COO, Emmanuel Roman, said the deal was transformational and right for GLG investors, shareholders and staff.

The two executives said the integration process was well under way and going well and that the focus would remain on investors, performance and having a suite of products with complementary investment returns. Already on the horizon is a combined GLG-AHL product scheduled to be launched in the first quarter of 2011.

The interview and transcript are available now on http://www.cantos.com/company/Man%20Group.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives.

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SOURCE Man Group PLC