Man Group Leverages Ore Hill to Build Out Event-Driven Strategies

Man Group has obtained full ownership of Ore Hill Partners, a credit-focused, event-driven hedge fund based in New York. Man had already held a 50 percent stake in the firm after a 2008 agreement. The deal is expected to close by the end of the second quarter.

Man is using the investment to build out its event-driven strategies on its GLG platform, Man's discretionary investment management platform.

While Ore Hill, which has about $800 million under management, will remain as an investment

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