Thu, Oct 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Man Group FuM now at $68.4bn from $63bn in October during GLG acquisition

Thursday, January 20, 2011

Man Group, Europe's largest listed hedge funds group, is validating its top placement with funds under management (FuM) of $68.6bn at the end of 2010.

Man's FuM were at $40.5bn on 30 September 2010. This was up 5% from 30 June 2010, when FuM were at $38.5bn, but far from the 2007 level, when FuM were more than $60bn.

Switzerland and London-based Man Group announced the completion of the acquisition of GLG on 14th October, 2010, saying it would create a multi-style, performance-focused alternative asset manager with FuM of around $63bn in total. GLG is now a wholly owned subsidiary of Man. This validated those who have been claiming since early 2008 that there was an ongoing consolidation trend in the hedge fund world.

Growth in FuM and positive investment returns generated an additional $2.8bn for investors. Both AHL and GLG alternatives saw positive flows, with the majority coming from GLG. AHL Diversified plc (Man's flagship quant fund) was up 14.8% in 2010. GLG Atlas Macro, GLG Emerging Markets, GLG European Distressed, GLG Market Neutral, GLG Global Opportunity, GLG North American Opportunity and the long-only GLG Performance Fund showed double digit returns too.

An investor who wante......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. Hedge funds fell 1.18% in September on Fed tightening and ECB loosening[more]

    Komfie Manalo, Opalesque Asia: Hedge funds fell 1.18% in September on Fed tightening and loosening of the European Central Bank’s policy on equity markets, according to the Barclay Hedge Fund Index co

  5. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore