{"id":20047,"date":"2011-01-20T08:13:43","date_gmt":"2011-01-20T12:13:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=20047"},"modified":"2011-01-20T08:22:37","modified_gmt":"2011-01-20T12:22:37","slug":"hedge-fund-man-group-reports-fum-of-68-6-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2011\/hedge-fund-man-group-reports-fum-of-68-6-billion.html","title":{"rendered":"Hedge Fund Man Group Reports FUM of $68.6 Billion"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – Hedge fund giant Man Group PLC., reported a strong financial position, with a regulatory capital surplus of around $300 million and\u00a0over $1.8 billion in cash on 31 December 2010.<\/p>\n

“Investment performance has been the principal driver of asset growth in the final quarter of the\u00a0calendar year, delivering impressive returns for 2010 as a whole and a solid backdrop for 2011.”\u00a0Peter Clarke, Chief Executive, said, “The\u00a0quarter saw positive flows into alternative styles, but a single large redemption resulted in an outflow\u00a0from lower margin long-only funds.”<\/p>\n

Highlights from the third quarter include:<\/strong><\/p>\n

\u2022 Funds under management (FUM) at 31 December 2010 of $68.6 billion\u00a0(30 September 2010: $40.5 billion with the GLG acquisition adding $25.4 billion)
\n\u2022 Growth in FUM at AHL, GLG and Man Multi-Manager, with positive investment returns generating\u00a0an additional $2.8 billion for investors
\no AHL Diversified plc up 14.8% in 2010
\no Man-IP220 up 22.3% in 2010
\no Strong performance across the board at GLG, with double digit returns in GLG Atlas Macro,\u00a0GLG Emerging Markets, GLG European Distressed, GLG Market Neutral, GLG Global\u00a0Opportunity, GLG North American Opportunity and the long only GLG Performance Fund
\n\u2022 AHL was 3.7% below peak on a weighted average basis on 31 December 2010,
\nwith 75% of FUM at or within 5% of peak
\n\u2022 Positive net flows of $0.1 billion in alternative funds, with demand for GLG and AHL in
\nopen-ended formats
\n\u2022 Net outflow of $1.1 billion in long only funds, reflecting a single redemption of over $1.0 billion from
\na low margin mandate, as the investor switched out of European equities. Inflows in the long only
\nbusiness are at higher margins than outflows.<\/p>\n

“Our most recent\u00a0guaranteed product, Man Synergy, started trading on 1 January 2011 at $350 million, indicating some\u00a0pick-up in private investor demand for structured product. The new Man IP220 GLG product, which\u00a0combines AHL managed futures with the multi-strategy GLG Global Opportunities fund, will start\u00a0marketing at the end of this month. The institutional sales outlook is positive, with a major European\u00a0managed account mandate for at least $1.5 billion expected to conclude in February for funding over\u00a0the year.”<\/p>\n

“We have also established a new hedge fund\u00a0venture, Man Systematic Strategies, to develop quantitatively-based investment ideas using the\u00a0combined expertise of Man and GLG. Two new products will be launched from this initiative very shortly.” Clarke concluded.<\/p>\n

Editing by Alex Akesson
\nFor HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.net) – Hedge fund giant Man Group PLC., reported a strong financial position, with a regulatory capital surplus of around $300 million and\u00a0over $1.8 billion in cash on 31 December 2010. “Investment performance has been the principal driver […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-20047","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20047","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=20047"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20047\/revisions"}],"predecessor-version":[{"id":20054,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/20047\/revisions\/20054"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=20047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=20047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=20047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}