Economy

Man Group adds $8 billion in first quarter

Man Group adds $8 billion in first quarter

A $3 billion inflow of money in the past three months helped Man Group, the listed hedge fund, to beat City forecasts as assets under management rose by 10 per cent in the quarter to almost $89 billion.

For the quarter ended March 31, the investment manager recorded funds under management of $88.7 billion, up from $80.9 billion as at December 31, 2016. 'Looking forward, the global environment has the potential to create alpha opportunities and we see continuing near-term interest from clients.

Cavs' JR Smith questionable for Game 3 vs. Pacers with hamstring injury
Cleveland was in control for much of Game 2 , though a fourth-quarter comeback by in made things close in the final two minutes. The Cleveland Cavaliers finished the regular season with a 51-31 record, second in the Eastern Conference .

Man Group suffered a loss in 2016 when performance fees fell due to tough markets. Positive exchange rate movements contributed $0.8 billion to funds under management. "Even stripping this out, Man saw its second-strongest gross sales in five years", said the Goldman note.

"The first quarter of 2017 has been a strong period for Man Group, with funds under management increasing by 10% to USD88.70 billion and growth in each of our investment engines". Investors allocated a net $15.7 billion to hedge funds in March, the largest inflows into the industry in 20 months, according to data provider eVestment.

North Korean propaganda video threatens United States with missiles
A reminder: President Trump has previously said he will "solve North Korea" in a Financial Times interview . Both Japan and South Korea are home to tens of thousands of USA troops.

Man made gains in 24 out of 30 strategies, delivering 14.4 percent and 11.5 percent improvements quarter-on-quarter in its top-performing Numeric emerging markets funds.

Meanwhile, the completed acquisition of U.S. and Europe-based real asset manager Aalto, which completed on January 1, added US$1.8bn to Man's funds.

QUALCOMM Sees Unusually Large Options Volume (QCOM)
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Cowen and Company decreased their target price on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th.


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