Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Man Group remains cautious in its latest presentation to investors

Monday, June 11, 2012

Beverly Chandler, Opalesque London: In its latest presentation to investors, Man Group has reported a difficult nine month trading period for themselves and indeed for the broader asset management industry. The firm reported funds under management at the end of December 2011 were $58.4 billion with a decrease in statutory diluted earnings per share to 7.6 cents. Estimated funds under management at end of February 2012 stood at $59.5bn.

Performance of Man AHL Diversified to end February 2012 showed an increase of 2.5% while GLG’s funds ranged in performance to end February 2012 from a loss of 1.8% to a return for the Japan Core Alpha fund of 19.1%.

Man reports that investor sentiment is improving but fragile and has observed a reduction in net outflows driven by lower redemptions. The firm says that it will need to see a longer period of stability and performance before they will see increased sales and net inflows. The firm is positioning itself across multiple strategies, formats and channels, ensuring it offers institutional quality operations and client service and working to 'convert a solid start into sustained momentum’.

The firm says that strategically it has made significant process but believes there remains much to do. Looking forward, Man believes it will focus on three key priorities of performance, meeting client needs and efficiency.

......................

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar