Man Group

Man is a world-leading alternative investment management business.

LATEST

Man Group confirms 2016 a disappointing year

Man Group Logo

Hedge fund Man Group disappointed investors with pre-tax losses of $272m for 2016 Wednesday, largely driven by accounting write downs at the company’s discretionary investments arm, GLG, and at FRM, Man’s fund of funds business.

Man Group announces new chief executive

Man Group Logo

Man Group has announced that Luke Ellis will succeed Emmanuel (Manny) Roman as Chief Executive Officer on 1st September 2016. Manny will step down from Man Group’s Board on 31st August 2016 in order to take up the role of Chief Executive Officer at PIMCO from 1st November 2016.

HOT LIST

Sunday Times 'City Rich List' - Top 20

The Sunday Times has just published its second annual 'City Rich List'. The newspaper has used various means to calculate the net-worth of the individuals mentioned - and many of those who made the list will not welcome the numbers applied against their names. Here's the Top 20 and a few other interesting entries:

Deutsche, Dresdner, LIFFE, Man, NatWest 3,

Bloomberg reports that French regulators are investigating whether Deutsche Bank 'enabled hedge funds to trade on inside information, destroy(ed) tapes and fail(ed) to keep written records of phone conversations when lining up buyers for a 2002 Vivendi Universal SA securities sale.

BofA, Citigroup, HSBC, Man Group

Ted Sihpol, the former Bank of America mutual funds executive who was acquitted a few months back on a raft of counts all in connection with alleged mutual funds trading abuses, will soon find out whether he faces a retrial. Although Siphol was acquitted on 29 counts, the jury was unable to reach a verdict on another four. Siphol's original retrial hearing, set for August 22nd, was postponed. Many now feel that US prosecutors will simply cut their losses and drop the case.

Man Group Acquires Financial Risk Management

Man Group plc ('Man') has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management 'FRM'), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion.

FEATURED