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Man Group confirms talks to acquire TA-backed Numeric

29 May 2014

bostonUK hedge fund manager Man Group has confirmed that it is in talks to buy asset management group Numeric Holdings, which is backed by private equity firm TA Associates.

Man said the discussions are ongoing and “may or may not lead to a transaction.”

TA Associates put the Boston-based company on the block last year after nine years of ownership.

Numeric currently manages assets of $10bn across US, Japanese, European and World equity portfolios.

It manages traditional long-only as well as market-neutral long/short partnerships.

Back in March TA sold a 10.6 per cent stake in UK mutual fund manager Jupiter for £197.2m.

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