{"id":37692,"date":"2013-08-28T12:34:49","date_gmt":"2013-08-28T16:34:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37692"},"modified":"2013-08-28T12:38:20","modified_gmt":"2013-08-28T16:38:20","slug":"man-shuts-down-offerings-linked-to-hedge-fund-ahl","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/man-shuts-down-offerings-linked-to-hedge-fund-ahl.html","title":{"rendered":"Man Shuts Down Offerings Linked to Hedge Fund AHL"},"content":{"rendered":"

\"man<\/a>New York (HedgeCo.Net) – The world\u2019s largest publicly traded hedge fund manager, Man Group Plc, has decided to shut down\u00a0offerings that have connections to it’s largest hedge fund, AHL, Bloomberg reports.<\/p>\n

“The company decided this month to shut Man Vision Ltd., a $40 million pool that sought to generate returns of more than 10 percent annually, according to an Aug. 12 letter sent to clients and obtained by Bloomberg News. Man Group is also closing similar offerings that, like Vision, were tied to the performance of AHL Diversified, the firm\u2019s biggest hedge fund, said a person with knowledge of the moves who asked not to be identified because they aren\u2019t public.” Bloomberg said.<\/em><\/p><\/blockquote>\n

The $14.1 billion computer-driven fund, which has been running since 1987 but whose performance has lagged in recent years, fell 8.9 percent in June 2013.<\/p>\n

\u201cThey definitely have the highest margins and that\u2019s due to large management fees and because AHL is run by a computer that\u2019s not demanding a bonus at the end of the year,\u201d said David McCann, an analyst at Numis Securities Ltd. in London who has a sell rating on Man Group. Still, \u201cno one has wanted to buy these products in the last three to four years\u201d because the returns have been lackluster. Bloomberg says.<\/p>\n

Alex Akesson
\nFor\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – The world\u2019s largest publicly traded hedge fund manager, Man Group Plc, has decided to shut down\u00a0offerings that have connections to it’s largest hedge fund, AHL, Bloomberg reports. “The company decided this month to shut Man Vision […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-37692","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37692","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=37692"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37692\/revisions"}],"predecessor-version":[{"id":37695,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37692\/revisions\/37695"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}