New Hire Roundup: Northern Trust Welcomes Marsh
Meanwhile, LIMRA has hired Dr. Betty Moon as managing director of Bank Insurance and Securities Research Associates.
Man Group Stock Scales New High
NEW YORK (HedgeWorld.com)--The hedge fund and fund of funds business Man Group Plc is now trading at more than double its 52-week low, having gained 3.3% Wednesday [March 15] on the London exchange. The FTSE 100 index, of which the company is a component, has been on a bull run,...
Asset Report Checks Man Ascent
NEW YORK (HedgeWorld.com)--Man Group plc stock fell about 2% on the London Stock Exchange after the company reported on the growth of assets during the fourth quarter of 2005. The price slip apparently reflected trader disappointment with the numbers. Man sales in the three months ended Dec. 31 totaled US...
Court Approves Man-Refco Sale
NEW YORK (HedgeWorld.com)--Refco Inc. announced that it has received approval from the U.S. Bankruptcy Court to sell substantially all the assets of its regulated commodities futures business to Man Financial Inc., a wholly owned subsidiary of Man Group plc, the hedge fund management firm. It as also announced a memorandum...
Refco & Flowers in 'Advanced Negotiations'
NEW YORK (HedgeWorld.com)--Refco Inc. announced Monday (October 17) that it is in advanced negotiations with a group of investors for the sale of Refco's futures brokerage business, conducted through Refco LLC, Refco Overseas Ltd., and Refco Singapore Pre. Ltd., as well as related subsidiaries. The group pursuing a purchase is...
Man Group Reports Strong Earnings and Sales
NEW YORK (HedgeWorld.com) -- Total assets managed by Man Group plc are around US$43 billion, up from US$37.8 billion a year ago. In addition, the firm estimates that earnings per share are up about 20% for the 12 months ending March 31. This increase in earnings comes from management fee...
Man Group Assets Reach New High Point: $42 Billion
NEW YORK (HedgeWorld.com)--The world's largest freestanding hedge fund business, Man Group plc, has raised US$2.2 billion in the three months to Dec. 31, 2004, and estimates assets under management at US$42 billion, up from US$38.4 billion as of Sept. 30, 2004. According to a statement, redemptions were US$1.3 billion during...
Man Group Highlights Management, Brokerage Income As Performance Loss Batters Stock
LONDON (HedgeWorld.com)--Man Group plc* shares went down by 70 pence, to 1175 pence (US$21.26), in morning and early afternoon trading on the London Stock Exchange as the market took in the information that performance fee income for the first six months of 2004 is about half the level for the...
Man Group Stock Bounces Up after Long Downward Trek
LONDON (HedgeWorld.com)--Man Group plc* stock has gained around 10% in the past month or so, possibly reversing the losing trend that became apparent since April of this year. Man shares rode up in 2003, together with other financial companies, reaching more than 1,850 pence (US$32.80) in April 2004. From then...
Institutions Lead, but RIAs Lag
Allocations from institutional investors caused hedge funds of funds assets to grow by 30% in the 12 months ended December 2003, according to a survey...