{"id":6308,"date":"2007-07-12T00:00:00","date_gmt":"2007-07-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-assets-rise-to-67-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2007\/man-group-assets-rise-to-67-billion.html","title":{"rendered":"Man Group assets rise to $67 billion"},"content":{"rendered":"<p>Reuters- Man Group, the world&#8217;s largest listed hedge fund firm, said on Thursday that its assets under management rose to $67 billion (33 billion pounds) at end-June, up from $61.7 billion atend-March, and that it was upbeat on prospects.<\/p>\n<p>  The firm (EMG.L: <a href=\"..\/stocks\/quote?symbol=EMG.L\">Quote<\/a>, <a href=\"..\/stocks\/companyProfile?symbol=EMG.L\">Profile<\/a>, <a href=\"..\/stocks\/researchReports?symbol=EMG.L\">Research<\/a>) said  it logged sales of $3.8 billion over the three months, while redemptions totalled $2.3 billion.<\/p>\n<p>  &#8220;The board remains very confident of the group&#8217;s prospects for the year,&#8221; Chairman Harvey McGrath said in a statement ahead of the firm&#8217;s annual meeting.<\/p>\n<p>  Over the three months, Man&#8217;s closely watched AHL futures strategy, which lost around $500 million in value in the three months to March, was up 15 percent, while Man Global Strategies rose 8  percent.<\/p>\n<p>  Investors have continued to pour money into the $2 trillion hedge fund industry, despite sub-market returns this year.<\/p>\n<p>  In May Man Group reported that full-year profits rose 13 percent, despite a drop in performance fee income, and said it expected strong asset growth to continue.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/132896355\" width=\"1\" border=\"0\"><br \/><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/132896355\/idUKNOA22419520070712\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Man Group, the world&#8217;s largest listed hedge fund firm, said on Thursday that its assets under management rose to $67 billion (33 billion pounds) at end-June, up from $61.7 billion atend-March, and that it was upbeat on prospects. The [&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":[],"class_list":["post-6308","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6308","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=6308"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6308\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}