Man Group in talks to buy Numeric

Hedge fund manager confirms it is in talks regarding the possible acquisition of the US-based investment fund

UK-based hedge fund manager Man Group on Wednesday confirmed that it is in talks regarding the possible acquisition of US-based investment fund Numeric Holdings.

The talks, which may or may not lead to a transaction, are in line with Man's strategy of pursuing bolt-on acquisitions that would diversify its investment offerings and geographical client distribution network.

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