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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