October 14, 2016 / 6:05 AM / 9 months ago

BRIEF-Man Group buys Aalto and launches global private markets business

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Oct 14 (Reuters) - Man Group Plc

* Man group acquires aalto and launches man global private markets

* Aalto is a us and europe-based real asset focused investment manager with $1.7 billion of funds under management as of 30 september 2016.

* Acquisition supports man group's continued focus on expanding and diversifying its offering for clients as well as growing operations in us.

* Man gpm will over time develop strategies across private markets such as real estate, credit, and infrastructure.

* Man believes that building a private markets business over time represents an attractive opportunity for clients and shareholders.

* Aalto management team will continue under leadership of company's founders. In addition, mr barman and mr syrjänen will be appointed co- heads of real assets within man GPm Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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