Ten years ago Man Group snapped up a fund of hedge funds RMF for $830m and banks were hoovering up fund managers: how times have changed.

Man Group  bought RMF for $830m in May 2001. Since then, RMF's prospects have headed steadily south. Even its name disappeared, following controversy over its investment in funds advised by Bernard Madoff.

Ten years ago Man Group snapped up a fund of hedge funds for $830m and banks were hoovering up fund managers: how times have changed

Mike Foster

Aberdeen Asset Management

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