Man Group hit by soaring dollar as assets slide 2 per cent dollar's strength Man Group revealed investors had been scrambling to withdraw their cash in the past quarter as its assets under management slid to $138.4bn amid a crash in sterling and market volatility. The investment management group said that the value of its assets under management tumbled 2.7 per from $142.3bn in June in what was a [...]
Man Group shares dive as choppy markets spark fall in assets under management Man Group Shares in fund management giant Man Group plunged nearly six per cent this morning after it reported a dip in its assets under management and warned that market turbulence may lead to volatile flows in the months ahead.
Man Group announces $250m share buyback after cashing in on market rebound Hedge funds Man Group, the world’s largest listed hedge fund manager, this morning announced it intends to buy back up to $250m shares to return cash to shareholders, after it posted consistently good performance over the last year. The FTSE 250 group said it will begin buying back the first tranche of $125m shares immediately, and the [...]
Man Group assets hit record $140bn after cash injection October 13, 2021 Hedge fund manager Man Group has received $5.3bn cash, raising its assets to a new record of $139.5bn, the company said in an update to investors this morning. Funds under management rose by three per cent in the third quarter after the Group secured $5.3bn (£3.9bn) worth of cash – the highest quarterly amount in [...]
Man Group raises dividend as funds under management hit $123.6b March 2, 2021 Hedge fund manager Man Group has this morning raised its dividend by 8 per cent as funds under management marked a record high for the firm. Funds hit $123.6b under management from $117.7b the year before, as assets climbed by 8 per cent, reaching $77.2b. The firm has also raised its total dividend to 10.6c [...]
Man Group lifted by strong demand for alternative funds October 16, 2020 Hedge fund manager Man Group has reported a rise in funds under management after strong demand for alternative assets. The firm reported funds under management (FUM) rose to $113.1bn in the three months to September, as alternatives saw a $1.7bn inflow after a slowdown in redemptions. And a good market performance by the long-only funds [...]
Man Group president Jonathan Sorrell to step down September 11, 2019 Man Group president Jonathan Sorrell has stood down, the world’s largest listed hedge fund has announced. The company said in a statement to the stock exchange on Wednesday morning that Sorrell would be leaving to take up a role outside the FTSE250 firm. Read more: Hedge funds row back on controversial fee structure He will [...]
Asset managers call on index providers to drop controversial weapons firms February 11, 2019 More than 140 asset and wealth management firms have signed an open letter calling on global index providers to remove controversial weapons companies from mainstream benchmarks. Companies including Man Group, Credit Suisse and Pictet Asset Management are among those to sign up to the initiative calling for a boycott of manufacturers of weapons such as [...]
HSBC, Goldman and Lord Fink back City fintech firm Bud February 4, 2019 Fintech startup Bud has closed a $20m (£15.3m) funding round from investors such as HSBC, Goldman Sachs and former Man Group boss Lord Stanley Fink. Other investors included Investec’s INVC fund, ANZ Bank, the corporate venture arm of Banco Sabadell and 9 Yards, the venture capital firm which lists former chancellor George Osborne among its [...]
Man Group ends sponsorship of Booker Prize after 18 years January 27, 2019 Britain’s most high profile literary award, the Man Booker Prize, has lost its headline sponsor after Man Group announced on Sunday that it will end its 18 year partnership with the event. Man Group – an asset manager – has sponsored the prize since 2002, contributing £1.6m a year. Read more: Waterstones acquires Foyles bookshops as [...]