{"id":10687,"date":"2009-05-28T00:00:00","date_gmt":"2009-05-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-giant-eyes-a-bounceback","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/hedge-fund-giant-eyes-a-bounceback.html","title":{"rendered":"Hedge fund giant eyes a bounceback"},"content":{"rendered":"<p>Evening Standard &#8211; This year could see the bounceback of the hedge fund industry after a pretty disastrous 2008, Peter Clarke , chief executive of the world&#8217;s largest publicly quoted hedge fund manager Man Group , said today. <\/p>\n<p>But news that the group took a $900 million (&pound;565 million) hit on its funds in the final week of March, just after its most recent trading update, pushed the shares 10% or 25p lower to 225p. <\/p>\n<p>Despite confirming a 40% fall in Man&#8217;s dollar profits for the year to the end of March and a 37% drop in funds under management, Clarke said: &quot;Certainly 2009 has begun very well for the hedge fund industry with positive returns across the industry overall.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.thisislondon.co.uk\/standard-business\/article-23700710-details\/Hedge+fund+giant+eyes+a+bounceback\/article.do\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evening Standard &#8211; This year could see the bounceback of the hedge fund industry after a pretty disastrous 2008, Peter Clarke , chief executive of the world&#8217;s largest publicly quoted hedge fund manager Man Group , said today. But news [&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":[12300,12298,67,12297,37,1749,9648,12299],"class_list":["post-10687","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-25p","tag-bounceback","tag-chief-executive","tag-dollar-profits","tag-hedge-fund-manager","tag-man-group","tag-manager-man","tag-peter-clarke"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10687","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=10687"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10687\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}