Man Group gets rating downgrade to 'Neutral' from 'Buy' by UBS
The UBS analysts said: "We think the market underestimates the magnitude and duration of the upcoming pension fund de-risking process on EMG's liquid total and absolute return products"
Company
Man Group PLC
LON:EMG
Man Group is an alternative investment management business with a range of funds for institutional and private investors globally.
98 stories · page 2 of 5
Man Group sees $0.5bn of net outflows, AUM shrinks again
The hedge fund manager reported a whopping US$4.5bn of negative forex impact, primarily from the US dollar strength
Man Group reports drop in AUM and flags market volatility
The investment manager's US$125mln share buyback is now 31% complete
Man Group funds at new high as alternative strategies pull in cash
“Looking forward, we see positive momentum continuing into the fourth quarter”
Investments and investor services
European asset managers' price targets nudged higher ahead of results season
Performance fees are likely to be the key point of differentiation in the results for asset managers, with Credit Suisse predicting Man Group will beat consensus first-half earnings expectations.
Man Group lifted by alternative strategies demand
Total funds under management rose by 4% to US$113.1bn
Man Group to start share buyback programme of up to US$100mln
The programme will run for a year and will cover 66mln shares
Man Group ups dividend as funds under management shrink
“As anticipated, redemptions increased in Q2, but it is pleasing to see flow momentum normalising as we enter the second half,” said CEO Luke Ellis
Man Group outperforms peers in difficult first quarter
Funds under management collapsed in the first quarter but Man's asset-weighted outperformance versus its peers was put at +2.5%
Asset manager ratings revised as like “trying to shoot ducks on a conveyor belt”
Analysts at UBS, Shore Capital and Jefferies picked out potential winners and losers after asset manager shares tumbled in recent weeks
Man Group returns to net inflows in Q4, says momentum continues
The hedge fund manager saw net outflows of US$1.3bn, but its funds generated US$10.1bn of investment gains, mostly from long-only strategies and alternative quant strategies
Man Group says outlook "mixed" as funds fall in third quarter
Looking ahead, chief executive Luke Ellis said the board was “encouraged by our good performance fee earning potential, although uncertain economic conditions mean the outlook for flows remains mixed”
Man Group appoints former Deutsche Bank CEO as new chairman
John Cryan, who headed the German bank from 2016 to 2018, will take up his new role at the hedge fund group on 1 January
FTSE 100 closes marginally down after treading water through the day as Parliament breaks for Easter after Brexit extension
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
Archive
WH Smith investors are hoping for dividend boost
Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
Archive
Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Man Group higher as Credit Suisse starts the hedge fund firm with an ‘outperform’ rating, sees “significant upside”
Credit Suisse’s analysts said that, in their view, consensus forecasts are too conservative on Man Group’s expected first quarter performance and future buyback assumptions
Man Group seeing a pick-up in redemptions
The group's run rate net management fee margin stood at 69 basis points at 31 December 2018 (100 basis points equals one percentage point)
FTSE 100 closes down on week but higher on Friday as trader optimism returns
Footsie closed the day 32 points up, or 0.45% at 7,106
Archive
City set for surprisingly busy Friday with WPP, Rightmove and William Hill all due up
Fridays are normally quiet affairs in the City, but not this week…