London's $55B hedge fund manager Man Group worked with Prosek Partners in the US and RLM Finsbury in the UK for PR counsel on its acquisitions of Boston-based Numeric Holdings and Pine Grove Asset Management this month.
Man Group said the Numeric deal, worth up to $494M and announced June 19, expands its North American footprint through a "recognized brand," adding that it will house Numeric in its $25B AHL quantitative (computer-based) investment operation.
Risanna Konarzewski heads global communications for Man in London. Prosek's transaction practice leader Brian Schaffer and senior VP Caroline Gibson, a Royal Bank of Scotland PR alum, advise Man Group stateside.
Numeric claims $14.7B in assets under management.
Credit-focused hedge fund Pine Grove has $1B under management.