Fri, Feb 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Man Group grows managed accounts business by half in 6 months

Friday, November 06, 2009
Opalesque Industry Updates - Man Group plc yesterday reported that its newly created multi-manager business grew assets held in managed accounts from $4 billion to $6 billion in the six months to 30 September 2009. Man’s multi-manager business, which has been operational since June, ended the period with $17.8 billion in funds under management.

Over the past ten years, Man has built a significant managed accounts or “MAC” platform as an investor, in contrast to the flow driven business model of other providers which tend to focus less on the underlying investment management application. This means that in addition to the security, transparency and liquidity that managed accounts provide, Man can also offer ongoing portfolio monitoring and risk management oversight, bespoke and transparent investor reporting, as well as portfolio investment advice.

Peter Clarke, Chief Executive of Man, comments: “An increasingly important part of our engagement with institutional investors is centred on our managed accounts capability, in response to their increasing demands for transparency, liquidity and control. A key differentiator of Man from other MAC providers is that we construct portfolios based on our confidence in the underlying manager, the manager’s ability to support our MAC operating model, and our understanding of how their strategy contributes to a particular portfolio mix.”

Man maintains top Fitch Rating

Following the successful integration to create Man’s new multi-manager business in June, Fitch Ratings recently announced that Man has maintained its ‘M2+’ rating, one of the highest possible ratings awarded to a multi-manager. In its latest report, Fitch commented that Man’s rating reflects the swift consolidation of its multi-manager operations and the refinement of the investment management process.

Peter Clarke adds: “In late March we first announced our plans to create a world-leading multi-manager business that addressed head-on investor requirements for increased transparency, corporate governance and risk management. Receiving one of the highest possible ratings from Fitch is a powerful external validation of our multi-manager business and testament to the huge amount of work by people across the business to make it such a success.”

Man is a world-leading alternative investment management business. With a broad range of funds for institutions and private investors globally, it is known for performance, innovative product design and investor service. Man’s funds under management at 30 September 2009 were USD 44.0 billion. www.mangroupplc.com.


Be

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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th