Carey Olsen has advised on the sale of FRM Holdings (Financial Risk Management) to Man Group by way of a Jersey scheme of arrangement.

FRM is one of the largest and hedge fund research and investment specialists with a global infrastructure of six offices and approximately 150 professionals in Europe, North America and Asia and it has funds under management of approximately USD8bn.

Man is an alternative investment management business. Man and FRM’s combined multi-manager business will have total funds under management of approximately USD19bn, making it the largest independent non-US based fund of hedge funds.

A cross-practice Carey Olsen team was instructed by, and worked in conjunction with, Allen & Overy and included partner Guy Coltman (pictured), senior associate David Allen and associate David Taylor from Carey Olsen’s corporate and finance group, and partner John Kelleher and associate Louise Woolrich from the firm’s litigation group. The Carey Olsen team advised FRM on the Jersey legal aspects of the transaction, including all corporate and Royal Court of Jersey assistance. 

Coltman says: “We are delighted to have been involved in yet another significant scheme of arrangement. Carey Olsen is recognised for its expertise in transactions of this kind and so far this year we have advised on three high profile Jersey schemes of arrangement.”