Hedge fund magnate Stanley Fink is retiring from Man Group, who announced that he will not be seeking re-election as a Director. He stepped down from Chief Executive in April of last year to become Deputy Chairman.

Fink joined Man in 1987 and was Chief Executive for seven years till 2000, prior to which he ran the Investment Management business.

"I have spent more than 21 years at Man Group, and have been on the Board for all but the first six months of that time," Stanley Fink said regarding his time with Man Group, "during which the company has undergone immense change which has seen it emerge as a leading player in the alternative asset management industry."

Fink also said, "I have many commercial and philanthropic interests outside Man Group to which I am increasingly committed and I am eager to pursue these, and other new opportunities, more fully."

More at; Stanley Fink Retires From Man Group