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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.

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