Saturday, 20 December 2014
Last updated 1 day ago
Jun 7 2012 | 12:31pm ET
The world's largest publicly-listed hedge fund is now half the Man it used to be, and a former member of the London Stock Exchange's most elite club.
Index provider FTSE Group yesterday confirmed that it had kicked Man Group out of the FTSE 100 Index of the L.S.E.'s largest companies. In its place is defense services firm Babcock International.
FTSE reviews its constituents quarterly, automatically promoting companies whose market capitalization is in the top 90 and automatically demoting those below 111th place. Man closed on Friday in 156th place, its shares losing almost half their value since the last review in March.
Man was the only demotion from the FTSE 100 yesterday, and drops into the FTSE Midcap 250 Index. The change takes effect on June 18.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.