Monday, 20 October 2014
Last updated 1 sec ago
Jul 12 2007 | 11:55am ET
The Man Group’s assets under management rose by 8.6% in the second quarter to $67 billion by the end of June, in spite of rocky first-quarter performance in several of its funds.
The London-based firm, the world’s largest publicly-listed hedge fund manager, said most of the increase was due to the performance of its funds: Following a tough first quarter, its flagship AHL strategy returned 15% in the second, while Man Global Strategies added 8%. The firm took in $3.8 billion in new sales against $2.3 billion in redemptions.
“The board remains very confident of the group’s prospects for the year,” Man Chairman Harvey McGrath said in a statement.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...