Mon, Apr 21, 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   |   
Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably

  5. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act