Saturday, 30 May 2015
Last updated 10 hours ago
Oct 12 2011 | 1:18pm ET
The Man Group's flagship strategy was caught off-guard by last week's stock-market rally, wiping out its year-to-date gains.
Man AHL, which has $24.9 billion in assets, fell 5.5% last week, leaving it down 3.2% on the year. The quantitative strategy was burned both by rising stocks and a bond sell-off; it had large long positions in fixed-income and was shorting stock and energy markets.
With last week's decline, AHL is now between 8% and 9% from its high-water mark.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…