Sun, Apr 26, 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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner