Previous close | 251.00 |
Open | 0.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 3,684,145 |
Market cap | 2.926B |
Beta (5Y monthly) | 0.73 |
PE ratio (TTM) | 15.39 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.13 (5.26%) |
Ex-dividend date | 11 Apr 2024 |
1y target est | N/A |
Man Group shares fell about 5% on Friday after the British hedge fund reported higher than expected client outflows. Client outflows amounted to a net $1.6 billion, although that was compensated for by an increase of $9.8 billion in its investment performance. Assets under management rose 4.89% in the first quarter, to $175.7 billion by the end of March, from $167.5 billion at Dec. 31.
Man Group, the world’s largest listed hedge fund, saw assets jump another $9 billion to $176 billion in the last three months as investors embraced its wide-ranging strategy – which largely involves avoiding London shares. While listed in London itself, Man probably has less than 5% of its assets in its home market, with a bias towards US stocks. Led by Robyn Grew, the former Lehman Brothers banker once dubbed a “force of nature”, saw assets in the three months to March rise from $167 billion to $176 billion.
The world’s largest publicly listed hedge fund group updated its shareholders with a trading statement