Mon, Dec 22, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und