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Man Group to acquire Sanlam FOUR's bond portfolio, team

Man GLG, the discretionary investment arm of Man Group PLC, agreed to acquire Sanlam Four Investments UK Ltd.'s strategic bond portfolio.

Under the agreement, fund managers Craig Veysey and Francois Kotze will transition to Man GLG and continue to run the portfolio. The agreement is subject to regulatory approval.

Sanlam Four is the asset management division of Sanlam UK Ltd., which is ultimately owned by South Africa-based Sanlam Ltd.