Man Group Reports $1 Billion in Outflows
The largest publicly traded hedge fund manager in the world, Man Group, saw net outflows of $1 billion in Q1 and reported a net drop in cash that made analysts wonder if it is spending too much.
Man Group Buys Controlling Stake in Eurex U.S.
LONDON (HedgeWorld.com)--Man Group, the world's biggest hedge fund operator and a major futures broker, is buying 70% of Eurex's controlling stake in the U.S. Futures Exchange, currently known as Eurex US. It will pay $23.2 million in cash for the approximate 56% stake in USFE and inject $35 million in...
Man Group AUM Up, Charlemagne Capital AUM Down
LONDON (Hedgeworld.com)--The contrasting fortunes contained in the trading statements of two listed hedge fund groups--Man Group and Charlemagne Capital--shows how the turbulence of the past month has played out in allocations. It is also reflected in the sharp divergence of the share price performance of the two hedge fund groups....
Man CEO Says Market Volatility Reflects Fundamentals
LONDON (HedgeWorld.com)--The increased volatility of financial markets in recent weeks is the direct result of underlying fundamentals in the global financial system, according to Stanley Fink, chief executive of Man Group, the world's biggest operator of hedge funds. "The market volatility has caught up with some of the fundamentals," Mr....
Man Group Results Beat Estimates, Shares Gain
London (HedgeWorld.com)--Man Group, the world's biggest listed hedge fund operator, saw its shares rise 3% after it beat market expectations with a 51% rise in year-to-March 31 pre-tax earnings to $1.306 billion. The strong earnings growth was in tandem with a rise to around $54 billion in current assets under...
Man Group to Beat 2006 Forecasts; Stock Jumps
LONDON (HedgeWorld.com)--The share price of Man Group jumped nearly 3% today when the world's biggest listed hedge fund operator reported that profit before tax for the year ending March 31 will exceed market forecasts. That values the group at ?7.6 billion ($13.1 billion,) or double its market capitalization recorded as...
Refco's Lessons Learned?
CHICAGO (HedgeWorld.com)--Picking through the rubble of the Refco meltdown has turned up some positives, chief among them the degree to which communication among clearing firms, exchanges and regulators on both sides of the Atlantic kept the financial chicanery involving Refco's books from destroying the firm's regulated futures commission merchant and...
The Principal of the Thing
Anew wrinkle in hedge funds is taking hold in the United States: principal protected hedge funds. These products have been used extensively in Europe, Asia,...