Hedge Funds

Analysts are split over the merits of Man Group’s acquisitive growth strategy after it announced a deal to buy Pine Grove Asset Management.

The UK-based hedge fund manager today said it had agreed to acquire Pine Grove, a $1 billion US-based fund of hedge fund manager that specialises in the management of credit-focused hedge fund portfolios. Terms of the deal were not disclosed.

UK-based group continues acquisition-led growth strategy with deal for $1bn US fund of hedge fund manager Pine Grove

Andrew Pearce

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Analysts split on acquisitive Man Group

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