Now, this isn’t the first time a firm has paid handsomely for what amounts to a reverse-merger. And it has yet to prove as disastrous. But incoming Man CEO Manny Roman isn’t at all shy about making clear who took over who. Read more »
As we mentioned last week, in the wake of the GLG buy, things are not looking so good inside Man Group. Redemptions are “mounting,” bonus outlook is bad to very bad and employees are making a dash for the exits. Today Financial News confirms the departures of 8 of the 15 front office employees who’ve taken off. Read more »
From the mailbag:
FYI, in the aftermath of the GLG buy, things are not good inside Man Group.
GLG founder Pierre Lagrange is mates with Brad PItt, an executive producer on Nicholas Cage’s new flick “Kick Ass” and he’s got rockstar locks of hair. But that kind of flamboyance may not fit hand in glove with the button-down culture of GLG’s new owner, Man Group. Read more »