Man buys stake in BlueCrest

Tuesday 25 November 2003 at 16:00

Man Group, the world's largest listed hedge fund firm, has bolstered its debt and currency investment capabilities with the acquisition of a stake in the London-based BlueCrest Capital management, the $3bn (€2.6bn) alternative investment house.

Man will buy 25% of BlueCrest from its principals for £105m (€151m) in cash and shares.