Man Group plc, the world's largest listed hedge fund firm, announced last week that funds under management grew by USD3.1 billion over the quarter ended 31st December 2007 to USD71.7 billion.
The company revealed in its quarterly Funds Under Management Statement that sales in the three months to the end of 2007 amounted to USD4.2 billion, comprising: guaranteed products, which accounted for USD0.6 billion; other private investor sales for USD1.0 billion; and institutional sales for USD2.6 billion.
Private investor redemptions were USD1.8 billion and institutional redemptions were USD1.8 billion in the quarter concerned. Meanwhile, performance added USD1.5 billion and currency translation impacts and other adjustments added USD1.0 billion.
The split of funds under management as at 31st December was private investor USD41.7 billion (30 September 2007: USD40.6 billion) and institutional USD30.0 billion (30 September 2007: $28.0 billion).
Man reported that the overall performance of its funds in the quarter remained mostly positive, with its flagship AHL fund up 5.1%, the RMF fund up 2.7%, and the Glenwood fund up 1.7%. However, the Man Global Strategies Fund was down 0.8% over the three months to the end of December 2007.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment