Man Group Plc Docs Re. Acquisition Of Glg Partners, Inc.
29th Jun 2010 11:41
TIDMEMG RNS Number : 4184O Man Group plc 29 June 2010 ? 29 June 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION MAN GROUP PLC
Read moreMan Group AHL Diversified Futures Weekly Nav -0.44%
22nd Jun 2010 16:51
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 0.44% on the week at $35.89. In the last 12 months, it is down 5.2%. It uses quantitative models to exploit price trends in a variety of market
Read moreUPDATE: Schroders Buys 49% Stake In Hedge Fund Group RWC
22nd Jun 2010 14:31
(Adds details.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Schroders PLC (SDR.LN) Tuesday said it is taking a 49% stake in London hedge-fund operator RWC Partners Ltd., in the latest effort by a traditional stock and bond fund manager to boost its exposure to higher-fee
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jun 2010 11:00
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] 1000 GMT [Dow Jones] Bank of America Merrill Lynch trims Man Group (EMG.LN) price target to 355p from 360p, "reflecting a com
Read moreMARKET TALK: BofA Merrill Lynch Trims Man Group Price Target
21st Jun 2010 11:00
1000 GMT [Dow Jones] Bank of America Merrill Lynch trims Man Group (EMG.LN) price target to 355p from 360p, "reflecting a combination of lower estimates, wider credit spreads and lower bond yields." It cuts its '11 EPS estimate to $0.34 from $0.40, '12 EPS to $0.43 from $0.49 and '13 EPS to $0.57 fr
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jun 2010 09:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0812 GMT [Dow Jones] Credit Suisse raises its Man Group (EMG.LN) target price to 280p from 265p together with a 13% upgrad
Read moreMARKET TALK: Credit Suisse Raises Man Group Target Price
21st Jun 2010 09:12
0812 GMT [Dow Jones] Credit Suisse raises its Man Group (EMG.LN) target price to 280p from 265p together with a 13% upgrade of its EPS forecast for the year-ending March 2011. Credit Suisse says the changes are meant to reflect the higher proportion of AHL assets-under-managment which are near perfo
Read moreMan Group AHL Diversified Futures Weekly Nav -3.12%
15th Jun 2010 16:57
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 3.12% on the week at $36.05. In the last 12 months, it is down 5.2%. It uses quantitative models to exploit price trends in a variety of market
Read moreOre Hill Redeems Itself With Man Group's Help
9th Jun 2010 17:15
By Alistair Barr When the financial crisis hit in 2008 and investors scrambled for cash, many hedge funds limited redemptions, locking up billions of dollars when it was needed most. While this prevented forced selling at the bottom of the market, some investors vowed never again to put mo
Read moreMan Group AHL Diversified Futures Weekly NAV +2.11% At $37.21
8th Jun 2010 18:40
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 up 2.11% on the week at $37.21. In the last 12 months, it is down 5.2%. It uses quantitative models to exploit price trends in a variety of markets,
Read moreLondon close: Footsie ends up
18th May 2010 16:42
Footsie finished with good gains but edged down from earlier highs after a poor start on Wall Street. Man Group was the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP was also in demand, ahead of its full year results tomorrow, while mezzanine finan
Read moreSector movers: Upbeat Paragon boosts finance stocks
18th May 2010 13:03
Specialist mortgage lender Paragon is lifting the financial services sector higher after it nearly doubled profits in the six months to March 31, helped by the low interest rate environment making it easier for customers to pay back debts. Pre-tax profits jumped to £29.3m from £15.9m in the same pe
Read moreLondon midday: Decent morning for Footsie
18th May 2010 12:10
Footsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreFTSE 100 movers: Negative reaction to Man deal
17th May 2010 14:42
Footsie is having a positive day but hedge fund group Man is the main focus. The $1.6bn purchase of GLG Partners has knocked the Man share price making it the biggest faller on the index. The purchase price is equivalent to 6.75% of funds under management. This is thought by many to be a high pric
Read moreMan to buy GLG for $1.6bn
17th May 2010 08:02
Hedge fund manager Man Group has agreed to buy New York-listed rival GLG Partners for $1.6bn. Man will pay $4.50 a share in cash to public stockholders of GLG, representing a premium of around 55% to Friday's closing price. The combined group would have about $63bn of funds under management. The
Read more