Man Group

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British investment management business

title: "Man Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-based-in-the-city-of-london", "companies-listed-on-the-london-stock-exchange", "hedge-fund-firms-in-the-united-kingdom", "madoff-investment-scandal", "financial-services-companies-established-in-1783", "1783-establishments-in-england", "british-companies-established-in-1783", "companies-in-the-ftse-250-index"] description: "British investment management business" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Man_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary British investment management business ::

::data[format=table title="Infobox company"]

FieldValue
nameMan Group plc
logoManGroup_logo.svg
logo_altMan Group logo
imageView of The Oyster Shed pub and Riverbank House from the rear of the Old Thameside Inn - geograph.org.uk - 5146984 (cropped).jpg
image_captionHead office at Riverbank House in London
typePublic
traded_as
industryFinancial services
founded
founderJames Man
area_servedWorldwide
key_people{{unbulleted list
productsInvestment products
revenueUS$1,434 million (2024)
operating_incomeUS$398 million (2024)
net_incomeUS$298 million (2024)
aumUS$168.6 Billion (2024)
homepage
locationLondon, United Kingdom
::

| name = Man Group plc | logo = ManGroup_logo.svg | logo_size = | logo_alt = Man Group logo | image = View of The Oyster Shed pub and Riverbank House from the rear of the Old Thameside Inn - geograph.org.uk - 5146984 (cropped).jpg | image_size = | image_caption = Head office at Riverbank House in London | type = Public | traded_as = | industry = Financial services | founded = | founder = James Man | area_served = Worldwide | key_people = {{unbulleted list | Anne Wade Chairman | Robyn Grew, CEO | Antoine Forterre, CFO | products = Investment products | revenue = US$1,434 million (2024) | operating_income = US$398 million (2024) | net_income = US$298 million (2024) | aum = US$168.6 Billion (2024) | num_employees = | divisions = | homepage = | location = London, United Kingdom | equity = Man Group plc is an active investment management business listed on the London Stock Exchange. It provides investment funds in liquid and private markets for institutional and private investors. It is the world's largest publicly traded hedge fund company, reporting $178.2 billion in funds under management . The firm is headquartered at Riverbank House in London and employs over 1,800 people in various locations. The company was a sponsor of the Man Booker Prize from 2002 to 2019.

History

The company was founded by James Man in 1783 as a sugar cooperage and brokerage, based in Harp Lane in Billingsgate. The following year Man Group won the contract to supply the Royal Navy with rum for its daily rum ration, a tradition under which all sailors were allocated a daily rum ration. This tradition continued until 1970, with Man Group holding the contract throughout. The company expanded from sugar and rum into other commodities such as coffee and cocoa. The company traded as a commodities business throughout the 19th and 20th century, gradually diversifying into financial services following the advent of financial exchanges to hedge commodity exposures.

The firm was renamed ED&F Man in 1869, based on the initials of James Man's grandsons Edward Desborough Man and Fredrick Man. ED&F Man listed on the London Stock Exchange in 1994. In 2000 the company divided into two separate businesses, with Man Group plc focusing on financial services and ED&F Man (the commodities division) taken private in a management buy-out.

In 2007 Man Group transitioned to an investment management business, following the demerger and flotation of its brokerage business (known as MF Global) on the New York Stock Exchange. Man Group attained its current structure through acquisitions. Man AHL, founded by Cyril Adam, David Harding, and Martin Leuck, was acquired from 1989 to 1994. Man Group's other investment managers were formed via acquisition between 2010 and 2017, beginning with the 2010 acquisition of Man GLG (previously GLG Partners) for $1.6 billion, Man GPM in 2017

In late 2017, Man Group announced the creation of a quantitative hedge fund in China. The firm has held licenses to operate in the country since 2012, but was provided clearance to operate as a private securities investment fund manager. Man is one of the first systematic investment managers to receive this accreditation. The fund was to be managed by Man's AHL division. In 2020, Man AHL received approval for a Qualified Foreign Institutional Investor ("QFII") license in China.

Operations

Man Group employs over 675 staff, offers over 85 investment strategies across a variety of investment approaches, styles and asset classes, and trades in over 825 markets around the world.

Senior management

Robyn Grew was appointed as Man Group's CEO in 2023, succeeding Luke Ellis who had held the role since September 2016.

In September 2023, Man Group announced a number of changes to its senior management. Anne Wade was appointed as Chair of the Board. She replaced John Cryan who been Chair of the Board since January 2020. In 2024 Man Group announced the appointment of Dixit Joshi and Sarah Legg as non-executive directors of the Company

Mergers and acquisitions

::data[format=table]

Table of Man Group mergers and acquisitionsDate
AHL1989–94
Glenwood Capital Investment LLC, Glenwood Global Management LLC and remaining 40% stake in Man Glenwood GmbHGroupNov 2000
Ord Minnett Strategic InvestmentsDec 2000
RMF Investment GroupMay 2002
BlueCrest Capital Management Ltd (minority stake, sold in 2011)Dec 2003
Pemba Credit Advisers, an asset manager specialising in European credit portfoliosApril 2007
50% interest in Ore Hill Partners LLC, a provider of Investment Management Services. Concurrently Ore Hill agreed to acquire a 50% stake in Pemba Credit Advisers Ltd from Man GroupMar 2008
Man ECO specialising in financing environmentally related projects (Man Environmental Capital Opportunities)April 2008
Nephila Capital LtdJune 2008
GLG PartnersMay 2010
url=https://web.archive.org/web/20140707164219/http://www.maninvestments.com.au/about/media-centre/acquisition-of-frm-holdings-limited-by-man-groupdate=7 July 2014 }} maninvestments.com.au, 17 July 2012
Pine Grove Asset ManagementAug 2014
Numeric HoldingsSept 2014
title=Man Group trading statement – March 2015url=https://otp.tools.investis.com/clients/uk/man_group_plc1/rns/regulatory-story.aspx?cid=95&newsid=510627
Silvermine Capital ManagementJan 2015
NewSmith LLP's investment management operationsMay 2015
AaltoOct 2016
::

RMF and Bernard Madoff

RMF, a former division of Man Group, invested 0.5% of its funds under management at the time with various third-party funds which, in turn, had positions in funds ultimately managed by Bernard Madoff. RMF was one of 107 financial institutions and 13,000 individuals to invest in such funds. , 59% of all such funds have been recovered and returned to various institutions and individuals.

Man Booker Prize

Man Group sponsored the Man Booker literary prize from 2002 to 2019. Described by The Telegraph as "...arguably the UK's most prestigious" literary prize, the £50,000 award was created in 1973 to increase the reading of quality fiction and attract "the intelligent general audience".

Corporate responsibility

Man Group supports various charitable initiatives focused on promoting education, which are run primarily through the Man Charitable Trust and the Man US Charitable Foundation.

Man Charitable Trust and the Man US Charitable Foundation

Set up in 1978, The Man Charitable Trust is an independent registered charity that funds small to medium-size charities focusing on literacy and numeracy programmes. It also funds programmes in support of access to education for disadvantaged people. In 2019, Man Group launched the Man US Charitable Foundation to provide funding and volunteering opportunities in the US. In 2021, Man Group donated $4 million to both charities.

Oxford-Man Institute

In June 2007 Man launched a joint project with the University of Oxford, the Oxford-Man Institute of Quantitative Finance. Man Group's initial financial commitment to the institute was £13.75 million, one of the largest single donations to a British higher education institution in recent years. In 2016 the Oxford-Man Institute expanded its focus on machine learning and data analytics, becoming part of the University of Oxford's Department of Engineering Science. The development of the OMI's focus creates a hub for machine learning and data analysis at Eagle House, the current home of the OMI and Man AHL's Oxford Research lab.

In December 2019, The University of Oxford and Man Group announced that funding support for the Oxford-Man Institute (OMI) had been agreed for a further five years.

Man and Fideuram - Intesa Sanpaolo Private Banking

In 2023 Man Group established a strategic asset management partnership with Fideuram – Intesa Sanpaolo Private Banking designed to generate innovative new investment opportunities for F-ISPB’s clients. The agreement saw Man Group take a 51% interest in Asteria, a Geneva-based, ESG–oriented asset manager, including its existing fund range.

Man and Columbia Centre partnership

In 2023 Man Group announced its partnership with the Columbia Center on Sustainable Investment to  conduct research addressing how climate impact is defined and measured in fixed income and equity portfolios.

Former sponsorships and charitable initiatives

Man Group is a former sponsor of the Man Group International Climate Change Award and the Man Asian Literary Prize. In the 1990s, Man was a founding member of the East London Partnership, which became the East London Business Alliance, a business-community outreach charity promoting corporate social responsibility and employee volunteering.

References

References

  1. "Annual Results 2024". Man Group.
  2. (23 January 2017). "Man Group boss confident that performance will pick up".
  3. "Stock".
  4. "Man Group assets under management hit record after 17.5% jump in first half".
  5. [http://www.thehedgefundjournal.com/magazine/200908/research/global-50-funds-of-hedge-funds.php Global 50 Funds of Hedge Funds], The Hedgefund Journal, June 2009.
  6. Sutherland, John. (9 October 2008). "The Booker's Big Bang". New Statesman.
  7. "Man Group: Timeline".
  8. "Corigins". strauscom.com.
  9. [https://archive.today/20120716191827/http://uk.reuters.com/article/hedgeFundsNews/idUKNOA12848620070601 Man Group's MF Global unit files for IPO] Reuters, 1 June 2007
  10. (14 February 2014). "A Brief History of Man AHL, Winton & Aspect". RCM Alternatives.
  11. (19 June 2014). "Man Group to Buy Numeric Holdings of Boston". New York Times.
  12. "Completion of Acquisition of Varagon Capital Partners".
  13. [https://www.ft.com/content/cf0ac192-dc3e-11e7-a039-c64b1c09b482, Man Group to launch quant hedge fund in China] Financial Times, December 2017
  14. (29 September 2020). "Man AHL receives approval for QFII license in China". Man Group.
  15. "Annual report 2023".
  16. "Man Group appoints Robyn Grew as next CEO as Luke Ellis announces retirement".
  17. (20 July 2016). "Luke Ellis, the New Man in Charge at Man Group". Dow Jones.
  18. "Directorate Changes".
  19. "Anne Wade".
  20. "Man Group announces Anne Wade to take over as Chair in late 2023".
  21. (2024-05-08). "Former Credit Suisse CFO Dixit Joshi joins Man Group board".
  22. [https://web.archive.org/web/20041204214452/http://www.businessweek.com/magazine/content/04_44/b3906150_mz035.htm Man Is Feeling The Pull Of Gravity] Business Week, 1 November 2004
  23. [http://www.alacrastore.com/storecontent/Thomson_M&A/ED_F_Man_Group_PLC_acquires_Glenwood_Capital_Investements-1061433020 ED&F Man Group PLC acquires Glenwood Capital Investements] Thomson, 10 November 2000
  24. [http://www.efinancialnews.com/story/2000-12-01/man-buys-australian-hedge-fund-group Man Group buys Australian hedge fund group] Financial News
  25. [http://www.alacrastore.com/storecontent/Thomson_M&A/Man_Group_PLC_acquires_RMF_Investment_Group-1297361040 Man Group PLC acquires RMF Investment Group] Thomson, 31 May 2002
  26. [http://www.alacrastore.com/storecontent/Thomson_M&A/Man_Group_PLC_acquires_a_minority_stake_in_BlueCrest_Capital_Management-1453385040 Man Group PLC acquires a minority stake in BlueCrest Capital Management] Thomson, 31 December 2003
  27. (23 March 2011). "Man Group sells BlueCrest stake". Pearson.
  28. [http://www.hedgefundsreview.com/global/hedgefundsreview/fund_profiles/P/Pemba%20Credit%20Advisers%20april07.pdf Man Group sets sail with Pemba into credit] Hedge Funds Review, April 2007
  29. [http://www.alacrastore.com/storecontent/Thomson_M&A/Man_Group_PLC_acquires_Ore_Hill_Partners_LLC-1965362020 Man Group PLC acquires Ore Hill Partners LLC (pending)] Thomson, 31 March 2008
  30. [http://www.cpifinancial.net/v2/News.aspx?v=1&aid=147&sec=Alternative%20Investments Man ECO announces $635 million raised for China Methane Recovery Fund] CPI Financial, 10 April 2008
  31. [http://www.alacrastore.com/storecontent/Thomson_M&A/Man_Group_PLC_acquires_a_minority_stake_in_Nephila_Capital_Ltd-1984852040 Man Group PLC acquires a minority stake in Nephila Capital Ltd] Thomson, 6 June 2008
  32. [https://www.ft.com/content/8a49881c-6186-11df-aa80-00144feab49a Man agrees takeover of GLG] FT, 17 May 2010
  33. [https://www.ft.com/content/4e6f5c12-a32a-11e1-8f34-00144feabdc0 Man Group to acquire rival FRM] FT, 21 May 2012
  34. [https://www.maninvestments.com.au/about/media-centre/acquisition-of-frm-holdings-limited-by-man-group Acquisition of FRM Holdings Limited by Man Group] {{webarchive. link. (7 July 2014 maninvestments.com.au, 17 July 2012)
  35. (5 August 2014). "Man Group closes Pine Grove Asset Management acquisition". Hedgeweek.
  36. [https://www.ft.com/content/ae30931a-3747-11e4-b45c-00144feabdc0 Man Group's flagship funds stage continued recovery] Financial Times, 8 September 2014
  37. [https://www.bloomberg.com/news/articles/2014-12-08/man-group-buys-merrill-lynch-s-1-2-billion-fund-of-hedge-funds Man Group Buys Merrill Lynch's $1.2 Billion Funds of Hedge Funds] Bloomberg, 8 December 2014
  38. "Man Group trading statement – March 2015". Man Group.
  39. [http://www.hedgeweek.com/2014/12/17/214872/man-group-acquire-silvermine-capital-management/ Man Group to Acquire Silvermine Capital Management] Bloomberg, 19 December 2014
  40. [https://www.ft.com/content/96fe6422-b872-11e4-a2fb-00144feab7de Man Group to buy asset manager NewSmith] Financial Times, 20 February 2015
  41. [http://www.investmentweek.co.uk/investment-week/news/2474119/man-group-acquires-aalto-to-launch-private-markets-arm Man Group acquires Aalto to launch private markets arm] Investment Week, 14 October 2016
  42. Larson, Erik. (8 January 2014). "Madoff Trustee Tops $10 Billion Recovery With Bank Deal".
  43. "The Man Booker Prize". The Man Booker Prize.
  44. "Booker Prizes Lose Major Sponsor".
  45. (15 October 2013). "Top 25 Literary Prizes".
  46. "The Prizes". Man Booker.
  47. (1 March 2022). "Man Group annual report 2021 – page 45".
  48. "Our Supporters". Beanstalk.
  49. [http://www.admin.ox.ac.uk/po/news/2006-07/sep/19.shtml Oxford-Man Institute of Quantitative Finance officially opened] {{Webarchive. link. (12 March 2016 University of Oxford, 19 September 2007)
  50. "Areas of research". Oxford Man Institute.
  51. "Man Group extends Oxford-Man Institute funding".
  52. "Man Group completes takeover of Swiss ESG-focused fund manager".
  53. (7 December 2023). "HedgeWeek article".
  54. MALP News. "Man Asian Literary Prize". Man Asian Literary Prize.
  55. Allen, Katie. (18 October 2012). "Asian Literary Prize seeks new sponsor". The Bookseller.
  56. (2012). "Networks, New Governance and Education". Policy Press.

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financial-services-companies-based-in-the-city-of-londoncompanies-listed-on-the-london-stock-exchangehedge-fund-firms-in-the-united-kingdommadoff-investment-scandalfinancial-services-companies-established-in-17831783-establishments-in-englandbritish-companies-established-in-1783companies-in-the-ftse-250-index