Hedge Fund Videos | 30+ Free Videos on Hedge Funds

BlackRock Man Group Buyout

BlackRock Man Group Buyout

Speculation on Possible Buyout of Man Group by BlackRock

There are rumors of a very big purchase of a hedge fund by BlackRock, the largest money manager in the world.  Although it is mere speculation at this point, BlackRock's purchase of a 10% stake in the hedge fund firm Man Group has people wondering whether this is the beginning of a buyout.  BlackRock currently manages $3.35 trillion while Man Group manages $40 billion.
BlackRock, the world’s largest money-manager, has taken a big stake in the Man Group, sparking speculation that the New York-based firm is preparing a take-over of the world’s largest publicly-listed hedge fund group.
A regulatory filing shows that BlackRock, which manages US$3.35 trillion, now owns a 10% stake in Man, which manages US$40 billion. That news, couple with market whispers, sent Man shares to their biggest gain in four months.
Britain’s Daily Mail reports that market rumors suggest BlackRock is interested in acquiring London-based Man. The tabloid notes that BlackRock, which in December bought Barclays Global Investors, the world’s 10th-largest hedge fund manager, lacks a big fund of hedge funds business, which Man would provide, along with a network of 1,400 private banks for distribution.  Source


Related to: BlackRock Man Group Buyout


Tags: BlackRock Man Group Buyout, BlackRock hedge funds, blackrock man group purchase, hedge funds, blackrock buyout

Link to This Resource: BlackRock Man Group Buyout

http://richard-wilson.blogspot.com/2010/02/blackrock-man-group-buyout.html
Redesign by HedgeCo Website Creation