According to an unconfirmed report in the UK’s Mail on Sunday, London-based Man Group is considering re-structuring its business by de-merg...

According to an unconfirmed report in the UK’s Mail on Sunday, London-based Man Group is considering re-structuring its business by de-merging its broking business. As well as being one of the most success hedge fund and hedge fund of fund managers, Man Group is one of the world's biggest futures brokers through its Man Financial arm which grew out of ED&F Man. The de-merger would be the biggest in the City of London for many years and would value the brokerage arm at around £2 billion ($3.57 billion), according to the report. Speculation of the de-merger has been inspired by the flotation last week of Refco, a similar-sized brokerage firm in New York. Shares in Refco surged in their debut on the New York Stock Exchange after the broker raised a higher-than-expected $583 million. "Man regularly reviews the structure of its business, in line with our commitment to achieve superior returns for our shareholders. While we are, of course, aware of the initial success of the Refco transaction, no decision has been taken at this time to separate the Man Financial business from the remainder of the Man Group," a Man Group spokesman said.