Saturday, 23 August 2014
Last updated 16 hours ago
Jun 2 2006 | 8:08pm ET
The world's largest publicly-traded hedge fund, Man Group, beat market forecasts and reported stellar profits due to revenue from performance fees and growth in funds under management.
Man Group said yesterday that net profits for the year ended March 31 rose 14.6% to $1.01 billion, a bump up from $885 million in the previous year. Pre-tax profits rose 51% to $1.31 billion from $863 million. The consensus forecast among Wall Street analysts was that Man Group would see net profits rise a little less than 10%.
The company also announced that performance fees have remained strong over the last few months, with assets under management rising 16% to $49.9 billion this year through March 31.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note