Man Upbeat Amid Stress As Investors Maintain Their Nerve ; Finance

Summary


MAN Group sought to shake off fears of a tsunami of redemptions in the hedge-fund industry, saying its more conservative rich private investors are keeping the faith.

Man, the FTSE 100 company and London's biggest hedge-fund group, said new sales of investment products, especially in Asia Pacific markets, continue to outpace client withdrawals even if the value of Man's funds under management have fallen during the financial crisis.

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Extract


Man Upbeat Amid Stress As Investors Maintain Their Nerve ; Finance

"At times of market stress our conservative product...

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