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Stanley Fink steps down from Man Group to pursue philanthropy

June 5, 2008 23:00

By

Candice Krieger,

Candice Krieger

1 min read

What next for Stanley Fink? The City hedge-fund veteran has decided to retire from Man Group, the industry giant he helped create — and he has no shortage of plans.

Mr Fink, 50, has spent more than two decades at Man Group, the world’s largest publicly listed hedge-fund group. He served as chief executive from 2000 to 2007, and became non-executive deputy chairman last year. Mr Fink will bow out altogether at the company’s annual meeting in July.

“It is nostalgic,” he tells People. “It’s the end of a very long and hugely happy journey that has existed for more than half of my whole lifetime.”

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Mr Fink, known as “The Godfather” of UK hedge funds, has decided to dedicate more of his time to philanthropy and has agreed to chair Shadow Chancellor George Osborne’s new green-technology enterprise, Green Environmental Market (GEM) — a trading market for companies focused on green technology. He has also committed to two new philanthropic and business ventures, in addition to his ongoing charitable involvements as a trustee of children’s charity ARK and the Guy’s and St Thomas’s Charity.

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