Home Real Estate Man Group buys London-based Aalto Invest

Man Group buys London-based Aalto Invest

by Jonathan Adams

Hedge fund operator Man Group has bought London-based property investment manager Aalto Invest for up to $205m (£166.80m) in order to reduce its reliance on its main AHL fund.

The deal, which will see $25m (£20.35m) cash and shares up front and also include three further payments totalling $180m (£146.51m) over the next eight years, will add $1.7m (£1.38m) worth of assets to the company.

Man’s chief executive, Luke Ellis, said the acquisition is a key step in the development of Man Global Private Markets, the group’s new investment engine for private asset classes, and in the diversification of the company.

He added: “The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products.”

Mikko Syrjänen and Petteri Barman, the founders of Aalto, will become co-heads of real assets within Man Global Private Markets.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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