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Hedge fund group Man unveils new London headquarters with Chancellor of the Exchequer

Thursday, July 14, 2011
Opalesque Industry Update – The Chancellor of the Exchequer, Rt Hon George Osborne MP, officially opened the new international headquarters of Man Group plc (‘Man’) today at 2 Swan Lane, London. Man has signed a 20 year lease and relocated 957 employees to the £250m Corporation of London development on the banks of the Thames.

Riverbank House houses 325,000 sq ft of space over 10 floors. The building was completed in May this year and comprises high specification office accommodation including two new trading floors.

Man started life in 1783 as a barrel making company situated by the River Thames in London. Since then, it has evolved to become a specialist in global financial services and is now amongst the world’s largest providers of hedge funds and alternative investment solutions.

Peter Clarke, Man chief executive, said, “This new world class facility demonstrates Man’s continued commitment to London after being located in the City for more than two centuries. We have made significant investments in cutting edge trading and communications technology, and we look forward to serving clients from this base for many more years to come."

(press release)

Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. As at 30 June 2011, Man managed $71.0 billion.

The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalisation of over £4.5 billion.


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