Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…