Man Group

The trader suspended from GLG amid an FSA insider dealing probe worked on co-founder Pierre Lagrange's European long/short fund, Investment Week can reveal.

Jupiter has been tipped as a likely winner in the asset manager space as the gap between those who receive advice and those who do not widens and pushes more consumers to self-invest.

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.

Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.

GLG has unveiled RDR-ready unbundled share classes across its UK-domiciled range.

Man Group, the world's second-largest hedge fund, has hired former Pimco international bond chief Sudesh Mariappa as a senior portfolio manager, according to reports.

Man Group has joined forces with Japanese investment banking giant Nomura to launch a fixed income hedge fund aiming to deliver double-digit returns annually.

Apple shares led the fallers on the Nasdaq shortly after open following a disappointing second quarter trading update from the tech giant.

Man Group was the biggest winner in early trading in London, with its shares up 10.2% to 76.20p.

Hedge fund manager Man Group is to drop out of the FTSE 100 following the index's latest quarterly review after a fresh period of poor share price performance took its toll on the company.