Mon, Aug 29, 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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new