Man Group slowly bouncing back, AHL Strategy boosts Profits
| November 6th, 2009 | ||
| Man Group plc, a multi-strategy alternative investment manager, has reported higher profits than anticipated as it slowly recovers from the financial fallout of last year. Although Man Group still suffers from a net outflow of institutional investors, the firm has begun to bounce back overall along with the hedge fund industry at large. According to an article from Reuters, the firm’s results were enhanced by the performance fees of Man Group’s flagship AHL strategy. While AHL, a $20 billion quantitative investment manager that specializes in systematic directional and non-directional trading strategies, has generally performed poorly this year, the fund did generate positive returns in July through September. | ||
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Man Group plc |
Related People: John Rowsell;
Related Entities: AHL;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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