Man Group Announces Closing of Numeric Holdings LLC Acquisition
05 September 2014
Commenting on the completion of the acquisition, Manny Roman, Chief Executive Officer of Man, said: “We are delighted to announce the completion of the acquisition of Numeric, which has an impressive track record of performance, a strong US footprint and a talented management team. Numeric is very well positioned to benefit significantly from our scale and resources and I’m excited by the opportunities this acquisition brings for our investors and shareholders.”
This transaction provides attractive strategic, commercial and financial benefits to Man and its shareholders, including the creation of a diversified, global quantitative investment platform represented by AHL and Numeric, with over $26 billion of funds under management as at 30 June 2014. As a result, Man’s quantitative investment platform now offers clients a broad product range across alternative and long-only, trend following, technical and fundamental strategies. In addition, the acquisition further expands Man’s footprint in North America, while enhancing its ability to achieve a strong risk-adjusted return on capital through an immediately accretive transaction.
Founded in 1989, Numeric has an attractive and established investment track record across a range of long-only and long-short, fundamentally based quantitative strategies. Numeric manages four main categories of quantitative equity strategies across long-only and alternatives.
Contact
Global Communications
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- Georgiana Brunner
- Man Group, Head of Communications
- Tel: +44 (0) 20 7144 1000
- Rebecca Hooper
- Man Group, Communications Director
- Tel: +44 20 7144 1103
Mobile: +44 7513 712636 - Neil Doyle
- FTI Consulting
- Tel: +44 (0) 7771 978 220
United States
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- Robin Pertusi
- Man Group, Senior Communications Manager, Americas
- Tel: +1 212 649 6859
- Prosek Partners – US
- Tel: +1 212 279 3115
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