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Man Group Considering Acquisition of Numeric in Boston

Man Group Plc, the world’s largest publicly traded hedge-fund manager, is in talks to buy Numeric Holdings LLC in a deal that would diversify its computer-driven investments after the company’s biggest fund posted losses over the past three years.

The discussions are “ongoing” and may not lead to a transaction, London-based Man Group said in a statement today. Boston-based Numeric, which trades equities based on signals from mathematical models, manages $13.9 billion, according to its website.