Man Group’s AHL Hedge Fund Struggles
| August 26th, 2009 | ||
| Man Group plc’s AHL Fund lost 2.2% last week after a nearly 14.3% drop so far this year. The drops in the fund, which accounts for as much as 75% of the group’s profits has resulted in a 3.7% loss for the hedge fund manager, according to the Financial Times. Despite a sales drive during the 2nd quarter of 2009 which showed some promise, Man Group’s benchmark fund hasn’t strayed far from its flat performance in the past 12 months and the current campaign to control commodities trading does not bode well for the AHL fund, which has about 30% of its investments in commodities. | ||
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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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