Man Groups H1 not as good as it looks

graeme at 8:14 a.m. Thu 05 Nov 2009

Man Group’s funds under management have barely changed in the last six months despite it reporting positive returns on most hedge fund styles. The half year results show continued deterioration in underlying profits. An apparent sequential recovery is the result of a $249m impairment in the second half of 2009 (year to March 2009).

Key numbers:

There has been a recovery in funds under management over the period, as the ending funds under management are well above the average. There also does seem to be increasing investor interest in hedge funds.

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