Hedge Fund News From HedgeCo.Net

Hedge Fund Giant Man Down 10%

Tough performance environment persists

• Funds under management down 10% to $52.7 billion
• Adjusted PBT of $121 million (H1 2011: $231 million)
• Statutory loss before tax of $164 million (H1 2011: profit of $70 million)
• $233 million impairment of Multi-Manager ($142 million) and GLG ($91 million) goodwill

Funds under management (end of period) 52.7bn

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