FTSE 100 movers: Fund managers in demand as markets rally

27th May 2009 14:31

Fund manager Man Group leads the risers on hopes that rising equity markets will feed through into inflows in to its core hedge funds.Old Mutual is another with large exposure to the US. It, too, has rallied today, aided by news it has dropped its planned acquisition of a stake in Chinese fund management business ABN Amro TEDA Fund Management. Old Mutual had planned to buy a 49% stake for €165m, but will instead pay an exit fee of €45m to ABN AMRO Asset Management, which is owned by Fortis Bank.FTSE 100 - RisersMan Group (EMG) 249.50p +5.16%InterContinental Hotels Group (IHG) 668.00p +4.87%Home Retail Group (HOME) 236.50p +4.42%Sage Group (SGE) 195.00p +4.11%Old Mutual (OML) 72.80p +3.85%Hammerson (HMSO) 297.00p +3.12%Anglo American (AAL) 1,670.00p +3.09%Whitbread (WTB) 868.00p +2.84%FTSE 100 - FallersLonmin (LMI) 1,312.00p -3.24%Cobham (COB) 180.70p -2.95%Next (NXT) 1,443.00p -2.30%Legal & General Group (LGEN) 62.30p -2.20%British American Tobacco (BATS) 1,694.00p -1.80%Compass Group (CPG) 362.75p -1.76%AstraZeneca (AZN) 2,584.00p -1.71%Lloyds Banking Group (LLOY) 65.70p -1.65%