Top Portfolio Products: Vanguard Adds Two Funds; Russell Launches Three
American Century, IndexIQ expand offerings; Putnam introduces fund.
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 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 Reports Strong Sales and Fee Income, Increases Fund Capacity
LONDON (HedgeWorld.com)--During the fiscal year that ended March 31, Man Group plc* sales were US$11.5 billion, net management fee income grew 50% and net performance...
Man Launches Fund for Tax-Exempt U.S. Investors
NEW YORK (HedgeWorld.com)--Man Group plc* is starting to distribute an unusual product, a registered fund of funds designed to fit individual retirement accounts as well...
Man Plans Glenwood Transition as Overall Fund Sale
LONDON (HedgeWorld.com)--Man Group plc* sold US$5.8 billion in funds in the six months through Sept. 30, 2003, compared to US$2 billion over the same period...
Man Group: Assets over US$26 billion, New U.S. Pro
LONDON (HedgeWorld.com)--Detailed first quarter results for Man Group plc* indicate a fast-growing fund business that has succeeded in boosting profits despite a loss at its...
Man Group Sees Hedge Fund Earnings Growth Ahead
LONDON (HedgeWorld.com)--Man Group plc said demand for its alternative investment products continues to be strong, generating sales of more than US$4.5 billion last year. "We expect...