Man Warns Of 40% Performance Fee Drop

Sep 30 2008 | 9:37am ET

The Man Group expects sharply lower performance fees for its fiscal first half as its hedge funds have suffered alongside its peers in the year’s market roller-coaster.

The London-based hedge fund giant warned that performance fees would by 40% lower in the six months ending today due to “extremely difficult” markets. Poor performance and risk management drove assets under management down 6% to US$70.3 billion, it said, despite a net inflow of US$4.1 billion.

Management fee income, by contrast, is expect to rise 10%, Man said, as sales for the six-month period roughly doubled to US$10 billion.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note