Man Managing $68 Billion

Sep 25 2007 | 3:43pm ET

The Man Group said today that assets under management and earning both rose more than 10% between March and September.

In a note to the London Stock Exchange, Man said it now manages $68 billion, up from $61.7 billion at the end of March and $67 billion at the end of June. Investors are expected to add $7.8 billion to its funds in the six months through the end of September, while redeeming $4.3 billion.

Man said the increase in assets will boost fee income. Net management fee income is expected to rise by more than 15% year-on-year, with performance fee income rising as well.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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