{"id":6583,"date":"2007-09-25T00:00:00","date_gmt":"2007-09-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-assets-under-management-68-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2007\/man-group-assets-under-management-68-billion.html","title":{"rendered":"Man Group assets under management $68 billion"},"content":{"rendered":"<p>Reuters- Man Group, the world&#8217;s largest listed hedge fund firm, said on Tuesday that its assets under management have risen to $68 billion (34 billion pounds) from $61.7 billion at the end of March.<\/p>\n<p>  The firm (EMG.L: <a href=\"http:\/\/uk.reuters.com\/stocks\/quote?symbol=EMG.L\">Quote<\/a>, <a href=\"http:\/\/uk.reuters.com\/stocks\/companyProfile?symbol=EMG.L\">Profile<\/a>, <a href=  \"http:\/\/uk.reuters.com\/stocks\/researchReports?symbol=EMG.L\">Research<\/a>), whose assets stood at $67 billion at the end of June, said sales for the six months to end-September are estimated to be  $7.8 billion, while redemptions were $4.3 billion.<\/p>\n<p>  Net management fee income will be up by over 15 percent on a year ago, while net performance fee income will also be up, it said in a note to the Stock Exchange.<\/p>\n<p>  Diluted earnings per share on continuing operations are expected to be up by over 10 percent.<\/p>\n<p>  Chief Executive Peter Clarke said that none of the firm&#8217;s structured products had to de-gear during the period, which has seen sharp volatility in markets.<\/p>\n<p>  At 8:45 a.m. Man Group&#8217;s shares were up 2.5 percent at 536.5 pence.<\/p>\n<p>  Landsbanki analyst Katrina Preston, who rates the stock a &#8216;buy&#8217;, said in a note that Man&#8217;s assets under management figure was just over $1 billion below her forecast.<\/p>\n<p>  &#8220;The performance of Man&#8217;s funds is likely to remain volatile but we expect asset gathering and longer-term performance trends to remain supportive,&#8221; she said.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" border=\"0\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/160981710\"><br \/><strong><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/160981710\/idUKNOA53177020070925\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Man Group, the world&#8217;s largest listed hedge fund firm, said on Tuesday that its assets under management have risen to $68 billion (34 billion pounds) from $61.7 billion at the end of March. The firm (EMG.L: Quote, Profile, Research), [&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-6583","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6583","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=6583"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6583\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}