Sun, Feb 25, 2018
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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac