Guardian – Leading shares are heading lower ahead of tomorrow’s UK and European interest rate meetings, but hedge fund group Man is bucking the trend.
Man has been under pressure in recent times, with a recent fall in profits and assets blamed on a disappointing performance from its key AHL fund. But today the company’s shares have climbed 16p to 268p, making them the biggest riser in the FTSE 100. After the market closed last night Man reported that AHL’s net asset value had grown by 3.81% last week, which seems to have pleased investors.
