Acquisition of Aalto Invest Holding AG

RNS Number : 1144T

Man Group plc

03 January 2017

 

For Immediate Release

London and New York, 3 January 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

MAN GROUP PLC

Man Group announces completion of the acquisition of Aalto Invest Holding AG

Further to the announcement dated 14 October 2016, Man Group plc ("Man Group") announces the completion of its acquisition of Aalto Invest Holding AG ("Aalto").

Luke Ellis, CEO of Man Group, said: "We are delighted to have completed the acquisition of Aalto, which is a key step in the development of Man Global Private Markets, our new investment engine for private asset classes, and in the ongoing diversification of Man Group. The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products."

Aalto will be a central component of the newly formed Man Global Private Markets ("Man GPM"). Mikko Syrjänen and Petteri Barman, the founders of Aalto, will become Co-Heads of Real Assets within Man GPM, taking on a leading role in the strategic development of the unit's offering in real assets.

Aalto is headquartered in London, with offices in the US and Switzerland, and had $1.7 billion of funds under management as at 30 September 2016.

-Ends-

Enquiries

Andrea Waters

Head of Investor Relations

[phone]

[e-mail]

Rosanna Konarzewski

Global Head of Communications and Marketing

[e-mail]

[phone]

Michael Turner

Finsbury

[e-mail]

[phone]

About Man Group

Man Group is one of the world's largest independent alternative investment management groups. Man Group's managers (Man AHL, Man FRM, Man GLG and Man Numeric) have diverse long/short and long only strategies spanning equity, credit, managed futures, convertibles, emerging markets and multi-managers. At 30 September 2016, Man Group's funds under management were $80.7 billion.

The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange under the ticker EMG.L and is a constituent of the FTSE 250 Index.

Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.man.com.

Forward looking statements and other important information

This document contains forward-looking statements with respect to the financial condition, results and business of Man Group plc. By their nature, forward-looking statements involve risk and uncertainty and there may be subsequent variations to estimates. Man Group plc's actual future results may differ materially from the results expressed or implied in these forward-looking statements.

The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement. Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.

 

END

 

 

ACQUROBRNBAUOAA