Man acquires 25%
in Nephila

Hedge fund manager Man Group has acquired a 25 per cent stake in Nephila Capital. Man will pay $50 million (£25 million) from its existing cash resources for the investment manager, which specialises in underwriting natural catastrophe reinsurance. 

 


Hedge fund manager Man Group has acquired a 25 per cent stake in Nephila Capital. Man will pay $50 million (£25 million) from its existing cash resources for the investment manager, which specialises in underwriting natural catastrophe reinsurance. 

 

Hedge fund manager Man Group has acquired a 25 per cent stake in Nephila Capital. Man will pay $50 million (£25 million) from its existing cash resources for the investment manager, which specialises in underwriting natural catastrophe reinsurance. 

Headquartered in Bermuda, Nephila has $2.4 billion (£1.2 million) in funds under management. This development is part of Man’s strategic plans to broaden the range of its investment products.

Frank Majors and Greg Hagood, Nephila’s co-founders, will continue to manage the business and its underlying fund investments. 

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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