Man Group to acquire a 51% stake in Asteria.

Man Group, an active investment management firm, agreed to acquire a 51% stake in Asteria, an investment company. Financial terms were not disclosed. "The partnership will focus on building out the offering, creating a diverse range of technology-enabled alternative and long-only investment strategies, bringing together Man Group’s expertise in bespoke portfolio solutions, the strong investment management capabilities of both Man Group and Asteria and F-ISPB’s private banking expertise, financial advisor network and client base. It will also be able to leverage F-ISPB and Man Group’s considerable distribution capabilities across Europe, with an initial focus on Italy." Man Group.