Man Group plc (Man) (LSE: EMG) is a British alternative investment management business. It provides a range of funds for institutional and private investors globally. The company manages about $63 billion (October 2010) and employs around 1,700 people in 15 locations worldwide.
Man’s headquarters are at Sugar Quay in London, where it is listed on the London Stock Exchange. It also has offices in the Bahamas, Chicago, Dubai, Dublin, Guernsey, Hong Kong, Miami, Montevideo, New York, Rotterdam, Singapore, Sydney, Switzerland, Tokyo, and Toronto. It is a component of the FTSE 100 Index.
The company was founded in 1783, by James Man, a barrel maker. The following year the company secured the contract to supply the Royal Navy with the rum for its daily “rum tot”, a tradition under which all sailors were allocated a daily ration of rum. (This tradition continued until 1970, with Man holding the contract throughout the entire period). In 1860 Edward Desborough Man and Fredrick Man (grandsons of James Man) gave their initials to the name of the company, ED & F Man. Today, ED & F Man operates separately as a commodities trading business.