Man Group Eyes Acquisitions, Sees ‘Cracking’ Credit Opportunity

Man Group Plc is open to further acquisitions and sees “cracking opportunity” in the fast-growing credit space, according to the head of the world’s biggest publicly traded hedge fund.

Chief Executive Officer Robyn Grew would steer the firm away from deals where it already has a presence and any acquisition would need to add uncorrelated content or capabilities, she said at Bloomberg’s Money, Women and Power conference in London on Tuesday. Any targets would need to have the right scale and right culture, she said.

“I think credit’s a cracking opportunity still out there,” she said. ...