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

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.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , . Bookmark the permalink.

Comments are closed.