Man 's (EMG) AHL funds have put in a patchy performance during the past five years. This could be why the market responded so positively to the acquisition of property investment manager Aalto Investments. The shares rose by as much as 14 per cent on the news, which also said the purchase would sit in a newly launched division, Man Global Private Markets.
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Aalto, which has $1.7bn (£1.4bn) of assets under management, invests via four strategies, specialising in real estate equity and debt strategies, including direct investments in single US family homes and lending to commercial and residential real estate in Europe and the US.