{"id":4711,"date":"2006-07-12T00:00:00","date_gmt":"2006-07-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-increases-hedge-fund-volume","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2006\/man-group-increases-hedge-fund-volume.html","title":{"rendered":"Man Group Increases Hedge Fund Volume"},"content":{"rendered":"<div class=\"writeboardbody\">  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Hedge fund Man Group, the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest listed hedge fund manager has seen sales of more than $5 billion and has increased its managed funds to more than $54  billion at the end of June, up from $49.9 billion three months earlier, despite the volatility in equity markets.  <\/p>\n<p>    Harvey McGrath, the chairman, told investors: \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cDemand for our fund products has been very strong, both from private investors and institutions.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Mr McGrath said Man Financial had \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cstarted the    year strongly\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u00a6. The board remains very confident of the group\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s prospects for the year.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    In an update to investors at its annual meeting, Man also said its brokerage unit, Man Financial, had experienced record trading volumes since the end of March. Net redemptions amounted to $1.5    billion in the quarter, with private investors withdrawing $600 million.  <\/p>\n<p>    Shares in Man Group were up 0.8 percent, outperforming fund management sector rivals, Man now manages funds totalling $32.5 billion on behalf of wealthy private investors. It looks after $21.5    billion of institutional money, an increase on the $19.5 billion three months ago.  <\/p>\n<p>    Man added that it was not including in its totals some $600 million of funds raised from its most recent global launch, Man <span class=\"caps\">AP<\/span> Enhanced Series 3 Ltd, which will not    start trading until the middle of the month.  <\/p>\n<p>    Man\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s prospects are buoyant, in part because hedge funds, which can make money in different market conditions, are well-placed to profit from current equity volatility and investors\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 desire to    protect capital.  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Hedge fund Man Group, the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest listed hedge fund manager has seen sales of more than $5 billion and has increased its managed funds to more than $54 billion at the end of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4711","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4711","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=4711"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4711\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}