Man Group, the world's biggest listed hedge fund manager, reported a second consecutive quarter of heavy client outflows and announced plans for further cost cuts, as nervous investors pulled out of its poorly-performing flagship fund.
Emirates NBD's asset management arm and Man Group have announced a tie-up which will see the hedge fund firm manage one of the lender's sharia-compliant funds, the companies said on Tuesday.
Man Investments will take over the manag
German truckmaker MAN and Swedish group Scania are in merger talks, Scania said, as Volkswagen aims for full control of both to take on bigger rivals.
Scania and MAN said no decision has been reached as they reacted to reports Volkswagen,
Man Group has announced that the initial public offering of 97.4 million shares of MF Global Ltd has been priced at $30 per share raising total gross proceeds of $2.9 billion.
MF Global is the brokerage business of Man Group and was forme