Thursday, 28 May 2015
Last updated 6 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…