{"id":31134,"date":"2012-09-07T07:11:05","date_gmt":"2012-09-07T11:11:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=31134"},"modified":"2012-09-07T07:19:33","modified_gmt":"2012-09-07T11:19:33","slug":"hedge-fund-giant-man-group-aum-down-10","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2012\/hedge-fund-giant-man-group-aum-down-10.html","title":{"rendered":"Hedge Fund Giant Man Group AUM Down 10% H1 2012"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/09\/1337587444008106300.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-31137\" title=\"man group\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/09\/1337587444008106300-300x292.jpg\" alt=\"\" width=\"240\" height=\"234\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/09\/1337587444008106300-300x292.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/09\/1337587444008106300.jpg 318w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a>New York (HedgeCo.Net) &#8211; One of the worlds biggest hedge funds, Man Group PLC., reported losses of %10 for the first half of 2012 (H1), lowering funds under management $52.7 billion. Gross revenues were reported at $666 million.<\/p>\n<p>Other H1 key points include:<\/p>\n<p>\u2022 Adjusted PBT of $121 million (H1 2011: $231 million)<br \/>\n\u2022 Statutory loss before tax of $164 million (H1 2011: profit of $70 million)<br \/>\n\u2022 $233 million impairment of Multi-Manager ($142 million) and GLG ($91 million) goodwill<br \/>\n\u2022 Interim dividend of 9.5 cents per share, as announced in May<br \/>\n\u2022 Proposal to create new holding company to access distributable reserves<\/p>\n<p>Going into H2, Man reports that markets remain uncertain, liquidity is thin and policy is centre stage, Man says that skillful\u00a0and disciplined use of risk budget is essential.<\/p>\n<p>In other news, GLG, the FSA authorised and regulated investment manager division of Man Group, has appointed former Pimco Director Sudi Mariappa to lead its absolute return fixed income offering.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; One of the worlds biggest hedge funds, Man Group PLC., reported losses of %10 for the first half of 2012 (H1), lowering funds under management $52.7 billion. Gross revenues were reported at $666 million. Other H1 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-31134","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31134","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=31134"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31134\/revisions"}],"predecessor-version":[{"id":31139,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31134\/revisions\/31139"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=31134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=31134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=31134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}