Sun, Feb 14, 2016
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 - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi