Monday, 28 July 2014
Last updated 1 hour ago
May 9 2014 | 11:35am ET
The Man Group took in US$2 billion in new money in the first quarter, but still remains cautious about its future.
Investors added US$6.5 billion to Man’s funds, primarily those in its GLG Partners unit, while redeeming US$4.5 billion. The firm’s total assets rose 1.7% to US$55 billion after the net inflow was eroded by US$700 million in performance losses on the quarter.
CEO Emmanuel Roman noted that March was a “very difficult” month for the hedge fund industry as a whole, and that, in spite of the gains, the firm is still uncertain about what the rest of the year will bring.
“Whilst we are pleased to have recorded a solid quarter of net inflows, we remain cautious in our outlook for asset flows for the rest of the year given mixed absolute investment performance,” he said.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…