Man Group sees bounce back in client assets

first_imgThursday 4 November 2010 3:40 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ Man Group, the world’s largest listed hedge fund firm, said client assets rose to $40.5bn (£25.1bn) in the year until the end of September, helped by strong returns from its flagship AHL fund that raise hopes the group can win back investors.Man, which has bought smaller rival GLG with its $25 billion of assets to help diversify away from computer-driven funds, had estimated in September it was running $39.5bn.The firm, which has seen eight straight quarters of net outflows even while the wider industry has begun to win back clients after the credit crisis, also said pretax profit for the six months to September before adjusting items was $227m.This was above the $215m it forecast in September.Man was boosted by a recovery in flagship fund AHL, which has returned nine per cent from the start of the year to end-September, having fallen 16 per cent last year. This takes it to six per cent below its high-water mark, the level above which it can earn performance fees. whatsapp Sharecenter_img whatsapp Man Group sees bounce back in client assets More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com John Dunne Tags: NULLlast_img

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