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June 13, 2003 at 08:00 PM
LONDON (HedgeWorld.com)–Man Group plc* has integrated RMF Investment Group, Pfaffikon, Switzerland, into its risk management and distribution systems, according to the company’s recently released annual report.
Man acquired the US$8.7 billion hedge fund of funds manager in May 2002 .
“The acquired business has both met our financial expectations and, perhaps more importantly, acted as a catalyst to further develop our distinctive business model which integrates investment management skills, product structuring expertise and proven distribution capabilities in a scalable format,” wrote Chairman Harvey McGrath in the report.
Man’s asset management division conducted a risk review exercise in the past year to facilitate the integration process. This included coordination of risk management standards across the business and a resource review to ensure that risk, reporting and compliance activities will accommodate continued growth.
