Man Group completes FRM acquisition

Man Group has completed its acquisition of FRM Holdings, a global hedge fund research and investment specialist.

Man Group has completed its acquisition of FRM Holdings, a global hedge fund research and investment specialist.

The deal, which is costing Man up to $142.8m, means the two firms' combined multi-manager business now has total funds under management of around $19bn, making it the largest independent non-US based "fund of hedge funds".

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