Man Group confirms acquisition talks

Man Group has confirmed it is in talks regarding the acquisition of Numeric Holdings, an investment manager based in Boston in the US.

The hedge fund manager said in a statement it had noted the recent press speculation and “confirms it is in discussions concerning the possible acquisition” of the firm.

Man Group said: “These discussions are ongoing and may or may not lead to a transaction.

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“Further announcements will be made if and when appropriate.”

Man Group, which is the parent company of GLG Partners, reported a slight increase in funds under management of $900m (£531.9m) to reach $55bn in the first quarter of 2014.