Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…