Man Group

Man Group Beats Forecast Estimates

The hedge fund organization, Man Group has been found to have registered the best performance among all the hedge funds. The pre-tax profit for the company was found to be at $227million in the first half of the financial year till the 30th of September.

The share prices for the world’s largest hedge fund manager also witnessed an increase of 21p or 8.36% to reach the price of 275.40p. The increase in the share price for the group was a remarkable boost, as they had been underperforming on the FTSE100 since long this year.

The Man Deal Likely to do Little to Solve U.S. Woes

London-based Man Group Plc's (EMG. L) math does not add up -- at least when it comes to escalating in the swiftly budding U. S. hedge fund market, where it has been trying to set up itself for years.

Man may be moving to shore up its supremacy in the European hedge fund market, by assimilating with GLG Partners Inc., another London-based hedge fund. But the pact with GLG is not expected to do much to improve Man's futile labors to become a big player in the United States, industry consultants, investors and lawyers said.

Blackrock’s Interest in Man Group Leads to Rise in Share Value

Following a filing showing Blackrock Inc. owning a 10% stake in the largest publicly traded hedge-fund manager, Man Group Plc. pitched to 6.6% to 242.9 pence at 11:15 a. m. in London making the upsurge the biggest gain in four months since Sept. 30. Market value of about 4.1 billion Pounds is possessed by the company.

Man Group funds fall 4% in last quarter of 2009

Hedge fund firm Man Group announced on Friday that the amount of money it manages declined 4 per cent in the fiscal third quarter to $42.4 billion as its flagship AHL fund performed poorly.

The fund manager said that funds under management slipped from $44 billion at the end of September to settle at $42.4 billion at the end of December.

Poor performance by company’s flagship AHL and withdrawals by institutional clients dragged funds under management down.

Man Industries secures order worth Rs 750 crore

Man Industries India Limited, part of the well-diversified UK-based Man Group, has secured two new orders worth Rs 750 crore from different firms for supplying pipes.

The company has bagged first orders worth Rs 200 crore from GAIL, while the second order worth Rs 550 crore has been secured from the Middle East and African continent.

With the latest order the company's total order book stands about Rs 2,500 crore.