Man Group last week admitted it has been preparing for a potential spin off of its brokerage arm, Man Financial, though it remained unclear whether it would plan a public listing or a sale of the business.
The group has been considering divesting part or all of its interest in its broking operations in order to gain full value for the business, which it is widely understood to believe has not been fully reflected in its share price.
That belief was confirmed by a Man spokesperson, who told FO Week, "We...