Sat, Jul 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Man Group’s funds under management confirmed at $71bn in Q2-2011

Thursday, July 07, 2011

Peter Clarke
Opalesque Industry Update - Man Group’s funds under management went from $69.1bn in Q1-2011 to $71bn in Q2, representing a rise of around 2.8% (compared to $68.6bn at the end of 2010; $38.5bn in Q2-2010; and $60bn at the end of 2007).

This accounts for net inflows of $3.7bn in Q1, reflecting record sales of $9bn and redemptions of $5.3bn.

$4.1bn (net) went into alternative funds and $0.4bn left long-only funds. Guaranted products were especially popular, and net flows into institutional fund of funds were flat.

Revenue synergies from the GLG acquisition include $1bn from an emerging markets currency product in Japan, and $400m from the first guaranteed product blend, namely Man IP 220 GLG. FX generated a positive contribution of $0.8bn in Q1, mainly due to the strengthening of the Euro, Swiss Franc and Japanese Yen against the US dollar.

Man’s new open-ended AHL fund in Japan now manages $2.3bn: the Nomura Global Trend fund, the first onshore Japanese fund launched by Man's AHL unit, began trading at the end of April 2011.

Challenging market conditions led to $1.1bn of negative investment movement in the quarter, as AHL went down 0.6% in Q2, 12% below peak on a weighted average basis. As for GLG’s product range, the European alternative funds had positive performance but most other funds were either flat or slightly negative.

Now AHL manages $32.9bn (compared to $22.7bn in Q1), GLG ‘s long-only funds $13.7bn ($14bn in Q1), GLG’s alternative funds $20.2bn ($18bn in Q1), and the multi-manager funds run $13.2bn ($14.4bn in Q1).

“Current markets are creating challenging performance conditions for most asset classes, and our assumption is that investor sentiment will remain patchy over the summer months," commented Peter Clarke, Man’s CEO. "The combination of our broad range of liquid investment styles, ability to craft portfolio solutions for investors, and the wide geography of our franchise, is a key advantage in these markets."

The listed alternative investment management firm is head-quartered in Switzerland.
B. Gravrand


Man’s press release: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi