(Bloomberg) -- Man Group Plc is open to further acquisitions and sees “cracking opportunity” in the fast-growing credit space, according to the head of the world’s biggest publicly traded hedge fund.
Chief Executive Officer Robyn Grew would steer the firm away from deals where it already has a presence and any acquisition would need to add uncorrelated content or capabilities, she said at Bloomberg’s Money, Women and Power conference in London on Tuesday. Any targets would need to have the right scale and right culture, she said.
“I think credit’s a cracking opportunity still out there,” she said. “Can I grow it? Yes. Could I buy it? If I can find the right thing, for sure. What I won’t be after in this space is something which you can’t scale.”
Grew said the London-based investment firm would also continue to grow organically and through hires made via acquisitions.
Since taking over as Man Group’s first female CEO just over a year ago, Grew has been overhauling the firm. Earlier this year, Man Group started to merge its discretionary trading units in a reorganization that included the departure of its GLG brand’s chief executive officer, Teun Johnston.
Last year Man Group said it would buy a controlling stake in US mid-market private credit manager Varagon Capital Partners for $183 million.
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