With Numeric, Man Group Would Get Strategies, Investors

Man Group PLC (OTCMKTS:MNGPF) (LON:EMG), one of the world’s largest hedge funds that made famous as an early pioneer in managed futures trend following, is in talks to acquire the long only investment boutique of Numeric Holdings. Man would acquire new strategies and investor, marketing benefits Boston-based Numeric is an institutional asset manager serving corporate and public pensions, foundations, endowments and sovereign wealth funds, which mimic’s London-based Man Group PLC (OTCMKTS:MNGPF)’s primary customer base and indicates significant synergies exist between the firms.  It might be in their investing strategies where differences can be found. While both are quantitative investment firms…