Five law firms have taken major roles on Man Group's $1.6bn (£1.1bn) cash-and-stock acquisition of hedge fund GLG Partners, reports The Am Law Daily. The deal, which creates an investing behemoth with $63bn (£44bn) under management, will help Man Group to diversify its holdings and cope with the EU's new regulatory structure for hedge funds, which is set to require increased transparency from international hedge funds wanting to do business within the EU.
May 18, 2010 at 07:18 AM
1 minute read
The original version of this story was published on Legalweek
Five law firms have taken major roles on Man Group’s $1.6bn (£1.1bn) cash-and-stock acquisition of hedge fund GLG Partners, reports The Am Law Daily.
The deal, which creates an investing behemoth with $63bn (£44bn) under management, will help Man Group to diversify its holdings and cope with the EU’s new regulatory structure for hedge funds, which is set to require increased transparency from international funds wanting to do business within the EU.
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