Tag Archives: pretax profit

Fund manager Henderson warns on profit, shares tank

Reuters – Anglo-Australian fund manager Henderson Group said first half pretax profit could fall up to 50 percent after revenue was hit by falling markets, hitting its shares on Thursday. First-half pretax profit fall to 25-28 million pounds ($41-$46 million), […]

Hedge fund firm Polar Capital says assets $1.54 bln

Reuters – Hedge fund firm Polar Capital said on Wednesday that its assets under management had fallen to $1.54 billion at end-May compared with $3.1 billion at end-March 2008. The firm said pretax profit for the year to March 31 […]

Man Group to Cut Jobs as Profit Falls, Assets Drop

Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]

Man Group shares jump as payout is maintained

Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business. The firm said it expects adjusted pretax profit for the year ending March […]

Ashmore sees tough 2009 for fund raising, outflows

Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]

Hedge fund RAB sells Asian business at £19m book loss

Independent – RAB Capital, the troubled London-based hedge fund, yesterday agreed to sell its Asian business as it tries to shore up its finances.   The fund manager, which on top of the general woes affecting the industry has made […]