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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:05 EDTMNGPYMan Group acquires Pine Grove Asset Management
Man Group said it has agreed to acquire Pine Grove Asset Management, a U.S.-based fund of hedge fund manager specializing in the management of credit-focused hedge fund portfolios with approximately $1B of assets under management. The transaction is subject to customary closing requirements and is expected to close in Q3.  Financial terms of the transaction were not disclosed.
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