World's biggest listed hedge fund manager Man Group sees profits slide

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World’s biggest listed hedge fund manager Man Group sees profits slide

Thursday, November 6, 2008 : Permalink

Daily Mail – Man Group, the world’s biggest listed hedge fund manager, saw profits slide 24 per cent in the last six months as its managed funds fell and fee income dwindled.

It took $107million (£67.4million) hit on upfront commissions for one of its top funds, Man Global Strategies.

Sales to end-September, at $10.2billion, outstripped redemptions of $6billion.

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World’s biggest listed hedge fund manager Man Group sees profits slide

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