Oct 14 Man Group Plc
* Man group acquires aalto and launches man global private
* Aalto is a us and europe-based real asset focused
investment manager with $1.7 billion of funds under management
as of 30 september 2016.
* Acquisition supports man group's continued focus on
expanding and diversifying its offering for clients as well as
growing operations in us.
* Man gpm will over time develop strategies across private
markets such as real estate, credit, and infrastructure.
* Man believes that building a private markets business over
time represents an attractive opportunity for clients and
* Aalto management team will continue under leadership of
company's founders. In addition, mr barman and mr syrjänen will
be appointed co- heads of real assets within man GPm
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(Reporting By Sinead Cruise)