London close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreHEARD ON THE STREET: The Descent Of Man
8th Jul 2010 15:50
By Hester Plumridge A DOW JONES COLUMN Investors have been flocking back to hedge funds this year, but not to Man Group. After two consecutive years of outflows, the global hedge fund industry took in $13.7 billion in net new capital in the first quarter, according to Hedge Fund Research. Bu
Read moreCORRECT: Man Group Eyes Mainland China For Future Hedge Fund Sales
8th Jul 2010 15:10
("Man Group Eyes Mainland China For Future Hedge Fund Sales," published at 1320 GMT, misstated Man's current assets.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Man Group PLC (EMG.LN) Chief Executive Officer Peter Clarke Thursday said the hedge-fund giant could be sell
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
Read moreMARKET TALK: Credit Suisse Cuts Man Group Price Target
8th Jul 2010 10:09
0909 GMT [Dow Jones] Credit Suisse cuts Man Group (EMG.LN) price target to 260p from 280p, to reflect the shares going ex 2H dividend of 17p. CS says assets-under-management at the end of June are in line with its forecast, while net outflows of $1B for the period are slightly worse than Credit Sui
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 10:09
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0909 GMT [Dow Jones] Credit Suisse cuts Man Group (EMG.LN) price target to 260p from 280p, to reflect the shares going ex 2H
Read moreCORRECT: Man Group Assets Shrink 2.3% In 1Q On Volatile Markets
8th Jul 2010 09:27
("=Man Group Assets Under Management Shrink 2.3% In 1Q" at 0623 GMT, misstated the amount of funds under management in the second paragraph. The error was repeated in an update at 0727 GMT. The correct version follows:) By Patricia Kowsmann and Margot Patrick Of DOW JONES NEWSWIRES LONDON
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:36
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0636 GMT [Dow Jones] Man Group's (EMG.LN) first-quarter trading update is "in line with expectations," with some positive sig
Read moreMARKET TALK: Man Grp 1Q In Line, Good News On Redemptions-Oriel
8th Jul 2010 07:36
0636 GMT [Dow Jones] Man Group's (EMG.LN) first-quarter trading update is "in line with expectations," with some positive signs that include lowest level of redemptions in three years from institutional investors, says Oriel Securities analyst Keith Baird. Adds the positive performance of AHL fund a
Read moreMan sales remained subdued
8th Jul 2010 07:24
Man Group said sales in the quarter have remained subdued amid continued market uncertainty. Funds under management (FUM) fell in the second quarter to $38.5bn at the end of June from $39.4bn at 31 March. Man's flagship AHL fund generated a positive return of 0.9% compared with an 11.6% drop in wo
Read moreMan Group Funds Under Management $38.5B At June 30
8th Jul 2010 07:09
LONDON (Dow Jones)-- Man Group PLC (EMG.LN), a British alternative investment management business, said Thursday its funds under management or FUM, for the quarter ended June 30 were $38.5 billion (March 31: $39.4 billion), adding that its financial position remains strong, with a regulatory capital
Read moreMan Group AHL Diversified Futures Weekly NAV -0.76%
6th Jul 2010 17:11
LONDON (Dow Jones)--Man Group PLC (EMG.LN) Tuesday said the net asset value of AHL Diversified Futures Ltd. at the close of business Monday was down 0.76% on the week at $36.40. In the last 12 months, it is down 1.6%. It uses quantitative models to exploit price trends in a variety of market
Read moreMan Group: Athena Guaranteed Futures NAV $116.9 At June 30
2nd Jul 2010 17:56
LONDON (Dow Jones)--Man Group PLC (EMG.LN), an alternative investment management business, said Friday that at the close of business on June 30, the Net Asset Value of Athena Guaranteed Futures Ltd was $116.90. -Shares closed Friday at 214.5 pence. -By Iain Packham, Dow Jones Newswires; 44-
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