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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 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.
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: