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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR