Tue, Sep 2, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius

  5. Big hedge funds tighten grip amid consolidation[more]

    From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment. Firms with more than $1 billion in hedge fund A