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Man announces senior hire

For Hire

Man Group has announced the appointment of Neil Mason as Senior Managing Director and Lead Portfolio Manager of the Man GLG multi-strategy portfolios, reporting to Luke Ellis, President of Man Group.

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Sunday Times 'City Rich List' - Top 20

The Sunday Times has just published its second annual 'City Rich List'. The newspaper has used various means to calculate the net-worth of the individuals mentioned - and many of those who made the list will not welcome the numbers applied against their names. Here's the Top 20 and a few other interesting entries:

Enron, Stanley Fink, M&A, Derivatives

The New York Times reports that two more former Enron executives have been given their jail time for crimes related to the demise of the former energy giant. Michael Kopper, once number two man to Enron's former chief financial officer Andrew Fastow, and Mark Koenig, the company's ex-head of investor relations, were sentenced in Houston Friday. Kopper got 3 years and one month, whilst Koenig received 18 months.

Man Group Acquires Financial Risk Management

Man Group plc ('Man') has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management 'FRM'), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion.

Goldman, Banker Accused Of Bigamy, Nomura

Goldman Sachs held the ground-breaking ceremony for its new $2.4bn New York HQ building Tuesday. Firm boss Henry Paulson said that 'we affirm our commitment to lower Manhattan and the City of New York, the financial capital of the world'. Goldman has had a presence in the City since 1869.

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