Hedge Crunch FinancialEmmanuel Roman
Pine Grove Asset Management Bought by Man Group
Pine Grove Asset Management, a New Jersey-based fund of funds, was acquired by Man Group, the world’s largest publicly traded hedge fund. PGAM is an investment firm that has about $1 billion under management and was founded in 1994. PGAM charges their investors fees to pick credit hedge funds. CEO of Man Group Emmanuel Roman […]
Clarke Leaving Man
Peter Clarke, chief executive of the Man hedge fund manager, will be leaving the struggling company at the end of the year with a 12-month take home package of $950,000. Since the year 2008 the share price of Man lost 87 percent of its value, and the firm is hoping to change its luck with […]