CC, A&O and US trio advise on Man Group's $1.6bn hedge fund buyout
Five law firms have taken major roles on Man Group's $1.6bn (£1.1bn) cash-and-stock acquisition of hedge fund GLG Partners, reports The Am Law Daily. The deal, which creates an investing behemoth with $63bn (£44bn) under management, will help Man Group to diversify its holdings and cope with the EU's new regulatory structure for hedge funds, which is set to require increased transparency from international hedge funds wanting to do business within the EU.
May 18, 2010 at 07:18 AM
2 minute read
Five law firms have taken major roles on Man Group's $1.6bn (£1.1bn) cash-and-stock acquisition of hedge fund GLG Partners, reports The Am Law Daily.
The deal, which creates an investing behemoth with $63bn (£44bn) under management, will help Man Group to diversify its holdings and cope with the EU's new regulatory structure for hedge funds, which is set to require increased transparency from international funds wanting to do business within the EU.
Man Group, the world's largest publicly-traded hedge fund, turned to Weil Gotshal & Manges for US counsel and Clifford Chance (CC) for counsel in the UK.
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