{"id":10199,"date":"2009-03-26T00:00:00","date_gmt":"2009-03-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-to-cut-jobs-as-profit-falls-assets-drop","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/man-group-to-cut-jobs-as-profit-falls-assets-drop.html","title":{"rendered":"Man Group to Cut Jobs as Profit Falls, Assets Drop"},"content":{"rendered":"<p>Bloomberg &#8211;&nbsp;Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. <\/p>\n<p>Assets fell to $48 billion in the period ending March 31, from $75 billion the previous year, London-based Man Group said in a trading statement. Pretax profit will be $1.2 billion, down from $2.1 billion. The median estimate from four analysts surveyed by Bloomberg News had forecast assets of about $48.6 billion and a $1.14 billion profit. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=akMiwPZcnxuc&#038;refer=home\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211;&nbsp;Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,1007,6454,37,3364,9637,1749,9638,6810,1627,2102],"class_list":["post-10199","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-assets-under-management","tag-fiscal-year","tag-hedge-fund-manager","tag-london","tag-man-group-plc","tag-man-group","tag-median-estimate","tag-pretax-profit","tag-previous-year","tag-workforce"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10199"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10199\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}