{"id":7393,"date":"2008-03-27T00:00:00","date_gmt":"2008-03-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"man-group-to-beat-forecasts-despite-turmoil","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/man-group-to-beat-forecasts-despite-turmoil.html","title":{"rendered":"Man Group to beat forecasts despite turmoil"},"content":{"rendered":"<div class=\"feedflare\">Reuters- Man Group, the world&#8217;s biggest listed hedge fund firm, said on Thursday it would beat analysts&#8217; average profit forecast for the year ended March 31, despite turmoil in financial markets. <\/p>\n<p>The group said it had benefited from a bigger-than-expected rise in net performance fee income, as well as a strong performance at its AHL futures business.<\/p>\n<p>It said analysts&#8217; average forecast for pretax profit from continuing operations was 1.82 billion pounds.<\/p>\n<p>Funds under management were up at around $75 billion (37 billion pounds), from $71.7 billion at December 31, while redemptions totalled $10.6 billion, including $2.6 billion in the final quarter.<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/258830415\" width=\"1\" border=\"0\" \/><br \/><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/258830415\/idUKNOA72891320080327\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Man Group, the world&#8217;s biggest listed hedge fund firm, said on Thursday it would beat analysts&#8217; average profit forecast for the year ended March 31, despite turmoil in financial markets. The group said it had benefited from a bigger-than-expected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7393","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7393","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=7393"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7393\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}