Alpha Now at Thomson Reuters • Thu, May. 8
- The largest listed hedge fund player, London-based Man Group plc, was founded in 1783 by barrel maker James Man, who then received a contract to supply the Royal Navy.
- Man Group has $54 billion under management (as of Dec. 31), but its recent share performance might be said to be scraping the floor of one of Mr. Man's products.
- Should investors drink a toast to the prospect of better times ahead? Our report takes a closer look.
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Jun. 5, 2013, 9:07 AMDid 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. | 1 Comment
Sep. 28, 2011, 3:21 AMMan Group (MNGPF.PK) -17% in London after saying AUM fell 8% to $65B despite record fund sales. Redemptions shaved $2.6B; negative performance $1.5B; and a stronger dollar (vs. euro and aussie) drove AUM down $1.9B. The drop underscores how volatile markets are eroding AUM at hedge funds and other asset managers. | Comment!
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