Editing Man Group Limited (section)

==History==
The company was founded by [[James Man]] in 1783 as a sugar cooperage and brokerage, based in Harp Lane in [[Billingsgate]]. The following year Man Group won the contract to supply the [[Royal Navy]] with the rum for its daily [[rum ration|"rum tot"]], a tradition under which all sailors were allocated a daily rum ration. This tradition continued until 1970, with Man Group holding the contract throughout.<ref name=time>{{Cite web |url=http://www.mangroupplc.com/assets/pdf/media/timeline.pdf |title=Man Group: Timeline |access-date=18 April 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110216220802/http://www.mangroupplc.com/assets/pdf/media/timeline.pdf |archive-date=16 February 2011 |df=dmy-all }}</ref> The company further expanded from sugar and rum into other [[commodities]] such as [[History of coffee|coffee]] and [[Cocoa bean|cocoa]]. The company traded as a commodities business throughout the 19th and 20th century, gradually diversifying into financial services following the advent of [[financial exchange]]s to hedge commodity exposures.<ref name=time/>

The firm was renamed ED&F Man in 1869, based on the initials of James Man's grandsons Edward Desborough Man and Fredrick Man. ED&F Man listed on the [[London Stock Exchange]] in 1994. In 2000 the company divided into two entirely separate businesses, with Man Group plc focusing exclusively on [[financial services]] and ED&F Man (the commodities division) taken private in a [[management buy-out]].<ref>{{cite web|url=http://www.strauscom.com/corigins/pkedfm01.html|title=Corigins|work=strauscom.com|access-date=30 March 2015}}</ref>

In 2007 Man Group moved into its present form as an investment management business, following the demerger and [[Initial public offering|flotation]] of its brokerage business (known as [[MF Global]]) on the [[New York Stock Exchange]].<ref>[http://uk.reuters.com/article/hedgeFundsNews/idUKNOA12848620070601 Man Group's MF Global unit files for IPO] Reuters, 1 June 2007</ref> Man Group attained its current structure over time through acquisitions, which have now been fully integrated to form investment engines. Man AHL is the oldest investment manager of the group, having been acquired over time from 1989 to 1994. Man Group's other investment managers were formed via acquisition between 2010 and 2017, beginning with the 2010 acquisition of Man GLG (previously [[GLG Partners]]) for $1.6 billion,<ref name=glg/> followed by Man FRM in 2012,<ref name=frm/> Man Numeric in 2014 and Man GPM in 2017.<ref name=numeric/>

In late 2017, Man Group announced the creation of a quantitative [[hedge fund]] in China. The firm has held licenses to operate in the country since 2012, but was provided clearance to operate as a private securities investment fund manager: Man is one of the first systematic investment managers to receive this accreditation. The fund will be managed by Man's AHL division.<ref>[https://www.ft.com/content/cf0ac192-dc3e-11e7-a039-c64b1c09b482, Man Group to launch quant hedge fund in China] Financial Times, December 2017</ref> More recently, Man AHL received approval for a qualified foreign institutional investor ("QFII") license in China.<ref>{{cite web|url=https://www.man.com/man-ahl-receives-approval-for-qfII-license-in-china|title=Man AHL receives approval for QFII license in China|date=29 September 2020|publisher=Man Group|access-date=27 May 2022}}</ref>