Friday, 22 August 2014
Last updated 1 hour ago
Jan 10 2008 | 5:05pm ET
Man Group said today that its assets grew at their slowest rate in more than a year during the fourth quarter.
The world’s largest publicly-traded hedge fund manager said it had approximately $71.7 billion in assets under management at the end of December, a 4.5% rise from $68.6 billion at the end of September.
The 4.5% increase was its smallest quarterly jump in 15 months.
Man said sales during the three-month period totaled $4.2 billion, offset by $3.6 billion in redemptions. The balance of the increase was accounted for by performance, which added $1.5 billion, and currency and other adjustments, which totaled another $1 billion.
The firm also said that most of its major funds and products enjoyed a positive fourth-quarter. Its flagship AHL Diversified Fund added 5.1% over the quarter to finish the year at 17%. Other strategies did not do as well other the past three months, with RMF rising 2.7% and Glenwood 1.7%. Man Global Strategies was down marginally, losing 0.8% on the quarter.
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