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£629k: First-time buyer at Man Group
Farmer-turned-hedge fund manager Luke Ellis spent £628,555 buying shares in Man Group (EMG) after taking over as chief executive at the asset manager.
As well as buying new shares Ellis also received around £1.6m of options shares as the former JP Morgan executive and amateur farmer builds up an ownership stake from scratch. Ellis’ purchase was one of the largest of the past week.
Elsewhere, Berendsen (BRSN) chairman Iain Ferguson bought £103,000 of shares after a profit warning at the industrial textiles outfit. Ferguson previously owned no Berendsen shares.