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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note