Man Group's Fink Retiring
Executive will focus on philanthropic interests.
May 30, 2008
Stanley Fink is departing the Man Group hedge fund after 21 years.
Fink is the former chief executive, and assumed his current role as deputy chairman a little over a year ago.
Peter Clarke, who replaced Fink, said, "It's been a very well-flagged, planned succession handover. He's said to us he'd like to spend all of his time on his philanthropic and other personal investments and commercial interests."
Stanley Fink
Man Group, the world's largest public hedge-fund company, announced this month that assets increased $4 billion to $78.5 billion during the past two months. The hedge fund employs 1,600 people in 13 countries. Its main offices are in London and Pfäffikon.
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