Hedge Fund News From HedgeCo.Net

In Brief: Money rolls in for Man

October 1, 2003 : Permanent Link

Man Group, the world’s biggest manager of hedge funds, continued its remarkable growth, forecasting a 40% rise in under- lying earnings this year. Stanley Fink, chief executive, estimated Man hadmore than $30bn (pounds 18bn) under management and forecasts it will raise at least $5bn in the first six months of the current financial year. Most of the new cash is coming from individuals able toinvest Man’s minimum $50,000.

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