Summary
MAN GROUP, the world's biggest listed hedge fund manager, saw profits slide 24% in the last six months as its managed funds fell and fee income dwindled. It took a $107 million ([pounds]67.4 million) hit on upfront commissions for one of its top funds, Man Global Strategies.
Sales to end-September, at $10.2 billion, outstripped redemptions of $6 billion. But funds under management fell 9% to $67.6 billion $2.7 billion less than Man estimated in September.See the full content of this document
Extract
Man Group Sees Profits Slide by 24%
Performa...
See the full content of this document
Sponsored links
