London-listed hedge fund manager Man Group said its latest offering has raised over $2.3 billion of private client money. Previous estimates...

London-listed hedge fund manager Man Group said its latest offering has raised over $2.3 billion of private client money. Previous estimates had put the launch at around $2 billion.

"It is a significant milestone for Man Investments and for the hedge fund industry as a whole which we have achieved by leveraging our global relationships and maximising our resources across the whole business, exceeding our own best expectations in the process," said Man chief executive Stanley Fink.

According to Man this is by far the largest global private client launch of a hedge fund product to date.