Man Set For FTSE 100 Exit

Jun 4 2012 | 2:55pm ET

The world's largest publicly-listed hedge fund is set to lose its place among Britain's 100 largest companies.

The Man Group will likely be turfed out of the FTSE 100 this week. The firm's market capitalization is already far below the London Stock Exchange's top 100—on Friday, it ranked 164th. The firm's market cap has fallen by half since March, when FTSE Group last reviewed its index components.

Man will be replaced by defense services company Babcock International. Its ouster is expected to be the only change.

Man will join the FTSE Midcap 250 Index after FTSE announces the changes on Wednesday. It's relegation will become effective on June 18.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...