Man Group

Two years of takeovers and mergers have seen GLG transformed. Head of UK retail Richard Phillips tells James Smith how the acquisition of SGAM and subsequent takeover by Man Group have created a firm that can offer a much broader range of options

Man Group subsidiary GLG is closing John White's Alpha Select fund to new investment next Friday after it reached its asset target of $550m.

Man Group has appointed GLG's Richard Phillips head of UK retail at the combined group.

Man Group has completed its purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

Shares in UK-listed Man Group have jumped 4% on speculation a mystery bidder - reportedly the Bank of New York Mellon - is preparing a bid for the group.

Man Group has launched a Ucits compliant fund of European hedge funds, run by Robin Lowe, its head of multi-manager long/short equities.

European markets have fallen sharply this morning with the FTSE 100 down 1.1% or 61.8 points at 5,511.63.

Man Group has won overwhelming shareholder support for its $1.6bn (£1bn) bid for GLG Partners, and has made a senior appointment from GLG for the enlarged group.

GLG Partners is being sued by an investor in the US who argues his shareholding in the group is undervalued in the proposed $1.6bn takeover by Man Group.

Man Group has agreed a deal to acquire GLG Partners for $1.6bn.