Hedging its bets

Man Group’s acquisition of Aalto comes at a difficult stage of the cycle, but with many investors disenfranchised from other investment strategies, now might be the right time to enter the real estate debt market, finds David Brooke.

It’s not easy categorising Man Group. The centuries-old investment management firm manages a range of strategies making its tag line “Always evolving” apt for a firm that started out as a sugar brokerage company in 1783.

The firm continues to extend beyond the hedge fund strategy it subsequently became known for and its latest foray into illiquid credit marks a significant turning point for the firm.

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