Man Group Plans IPO for U.S. Brokerage Unit This Year

By Andrei Postelnicu   March 30 (Bloomberg) — Man Group Plc, the world’s largest publicly traded hedge fund company, plans to sell its futures brokerage unit in an initial public offering this year to concentrate on money management. The offering of Man Financial Inc., the fourth-largest operator in the $4.5 trillion-a-day global futures market, is planned for the third quarter, London-based Man Group said in a statement today. The unit, to be named MF Global, will be listed on the New York Stock Exchange.    … 

Among other things in this article, I was impressed with the age of the heads: out going CEO Stanley Fink is 49, who rode a boom in the popularity of hedge funds to boost its assets under management 10-fold during his 6 1/2-year tenure; and the incoming Peter Clarke is 46.

Trading futures is a huge biz, even China is about to join the fun with their first index futures. … For the past two months, my trading had been sporadic, due to too many things going on, 🙂 … gold has been really good for the past two days!

About The Kibbitzer

bio info .... mmmm ... still working on it ... will add soon ...
This entry was posted in Current Affairs, Finances, View from Bottom. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *