Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Man Groupís fundsí underperformance impacts groupís results

Monday, March 19, 2012

Beverly Chandler, Opalesque London: With its change of financial year end to end December 2011, Man Group published a nine month annual report today, covering the period from 1 April to 31st December 2011.

In what it described as 'a tough trading period for Maní, the chairman, Jon Aisbitt, chief executive Peter Clarke and finance director Kevin Hayes reported: "Despite a challenging market backdrop, our sustainable business model, growth-oriented strategy, and robust risk management position us to deliver strong long-term investment performance through tailored investor solutions to a growing global investor base. Our overriding goal is to be the leading alternative investment manager globally".

Figures for the period showed funds under management at $58.4bn, down 15% from $69.1bn at March 2011 in what the firm called 'extremely challenging market conditionsí. The decrease comprises negative investment performance of $4.0bn, net outflows of $1.5bn, negative FX movement and acquired FUM of $1.4bn and de-gearing and other movements of $3.8bn.

Sales for the period were $16.7bn, split between $13.9bn alternatives and $2.8bn long only. Man reported net outflows of $1.5bn in total with net inflows of $0.3bn into alternatives and net outflows of $1.8bn out of long only. Prior year sales were $11.7bn.

In terms of revenue, Man reported $1,254m in gr......................

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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner