Odey takes 5% stake in hedge fund rival Man Group
Crispin Odey has snapped up a 5% stake in struggling fund house Man Group, prompting speculation the hedge fund manager will launch a full scale bid for the company.
Shares in Man Group, parent company of GLG Partners, moved 4% higher yesterday after Odey purchased a £75m take via Odey Asset Management. Speculation is mounting Odey will continue to add to his holding...
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