mergers & acqisitions
Man Group Reaches $71 Billion
Hedge fund giant Man Group reached $71.0 billion (FUM) at 30 June 2011, compared with $69.1 billion by 31 March 2011. “We are pleased to be reporting strong net inflows from investors over the last quarter.” Peter Clarke, Chief Executive of Man, said, “Following the successful integration of GLG at the end of 2010, we [...]
Hedge Fund Acquisition Creates Northern Trust Hedge Fund Services
Investment management giant, Northern Trust, with over $662.2 billion in assets under management, has acquired Omnium LLC, a hedge fund administrator with approximately $70 billion in assets. Omnium’s staff will be integrated into Northern Trust’s Corporate & Institutional Services business unit as Northern Trust Hedge Fund Services, LLC., offering scalable technology and expertise to hedge [...]
Hedge Fund Manager Viathon Acquired By Medley Capital
NY-based Medley Capital LLC has announced the acquisition of credit hedge fund manager Viathon Capital LP and all its related entities. “This transaction combines the analytical and credit strengths of the two organizations.” Brook Taube, Managing Partner at Medley said. “Having known the Medley team for some time, I am excited about the opportunity to [...]
Man Group Buys $800 Million Hedge Fund Ore Hill
Hedge fund giant Man Group plc., yesterday entered into an agreement to take full ownership through its US subsidiaries of Ore Hill Partners LLC and Ore Hill Partners Capital Management LLC (together, Ore Hill). “We are extremely excited to add Ore Hill to the GLG platform.” Raffaele Costa, Man’s Head of Sales for North America and Europe, [...]
Warren Buffett Spends $9.7 Billion on Chemical Company
Hedge fund and investor giant Warren Buffett announced the $9.7 billion purchase of Lubrizol, an Ohio chemical and lubricants company Lubrizol, UK news source The Guardian reported. “Lubrizol is exactly the sort of company with which we love to partner – the global leader in several market applications, run by a talented CEO, James Hambrick,” said [...]
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