Man Group, the world’s largest publicly traded hedge-fund company, has bought US and European property investment manager Aalto Invest Holding.
Aalto has €1.7bn (£1.39bn) funds under management and specialises in managing real estate equity and debt strategies.
It has investments in single family homes in the US and lends to commercial and residential real estate in Europe.
Luke Ellis, chief executive of Man Group, said: “We are delighted to announce the acquisition of Aalto, which will be instrumental in the development of Man Global Private Markets, our new private markets capability.
“In line with our strategy to continue to diversify the firm and our offering for clients, this private markets capability is complementary to our broad offering in liquid strategies.”
