Man Out Of The FTSE 100

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...