Man Cautious In Spite Of Inflow

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.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

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.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR