EMG acquires Aalto, launches Man Global Pvt Markets

Man Group has agreed to acquire Aalto Invest Holding AG and launched Man Global Private Markets, forming the firm's private markets offering.

This offering would provide clients with access to longer term investments with a complementary risk reward profile to our current product suite.

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.

Separately, Man Group said in a trading statement that its funds under management increased 6% to $80.7bn during the quarter ended Sept. 30, from $76.4bn at June 30.

"In a difficult market environment, we are pleased to report a $4.3 billion increase in funds under management in the quarter driven by a positive investment movement of $2.5 billion and net flows of $1.3 billion," said CEO Luke Ellis in a statement.

"There was good investment performance across both alternative and long only strategies at GLG and Numeric, offsetting negative performance among some of AHL's strategies this quarter, as the market proved more difficult for trend following strategies.

"The net inflows were driven largely by the appetite of institutional clients for our quant alternative and quant long only strategies."