Wed, Jul. 20, 3:28 AM
- Pacific Investment Management Co. (OTCQX:AZSEY) has raided Man Group (OTCPK:MNGPY) to find a new chief executive, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.
- Manny Roman will join Pimco on November 1, 2016, with Luke Ellis succeeding him as CEO of the world's largest listed hedge fund.
- Man Group shares are down 3.7% in London.
Jun. 5, 2013, 9:07 AM
Did a computer-driven fund get caught too long the Nikkei and too short the yen? Man Group (MNGPY.PK, MNGPF.PK) - the world's largest publicly traded hedge fund operator - tumbles 13.5% in London after disclosing its flagship AHL fund fell 8.9% in the week ended June 3, its biggest loss ever (let's hope so). Adding in the previous week's 3.1% loss, the formerly hot fund is now in the red for the year.| Jun. 5, 2013, 9:07 AM | 1 Comment
Apr. 20, 2012, 1:12 PMThe team at Man Group (MNGPY.PK) that brought us the VIX, is working on an algorithmically-driven government bond trading fund, trying to lure investors put off by the unpalatable choices of ultra-low yields or credit risk. "Traditional fixed-income investing is unattractive," says Man, "(offering) little upside and big downside." | Apr. 20, 2012, 1:12 PM