Thu, Nov 23, 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. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s

  2. Fund Profile - The Tiger of Silicon Valley: Glen Kacher's sizzling hedge fund[more]

    From Forbes.com: When you live and work in a town where the median home costs $2.7 million and hobnob with the executives of billionaire factories like Facebook and Tesla, it's easy to see why you might think technology stocks are invincible. So far in 2017, the Nasdaq Composite index has gained 25%

  3. Launches - Asset manager launches Europe's first bitcoin mutual fund, Prime Capital Aviation Debt Fund enables aviation debt investments for institutional investors[more]

    Asset manager launches Europe's first bitcoin mutual fund From Coindesk.com: A French asset manager has announced the launch of Europe's first mutual fund centered around bitcoin. Announced today, Tobam's alternative investment fund perhaps represents the latest bid to attract institutio

  4. Legal - Consumers say hedge fund financed illegal tribal lending, New York's highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York[more]

    Consumers say hedge fund financed illegal tribal lending From Law360.com: Vermont residents on Tuesday hit a hedge fund with a proposed class action in federal court alleging it helped concoct a sham tribal payday lending scheme meant to skirt laws preventing companies from charging cons

  5. Investing - Tech still hedge funds' sweetheart sector: Goldman Sachs, Hedge funds haven't been this leveraged to buy stocks since the bull market began, Top financials hedge fund details short bet against Morningstar, Fund CRC presents an offer for Carige's consumer credit unit, Hedge funds sell shares in Altice USA after difficult quarter[more]

    Tech still hedge funds' sweetheart sector: Goldman Sachs From Reuters.com: Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and l