EMG.L - Man Group plc

LSE - LSE Delayed price. Currency in GBp
129.85
+0.25 (+0.19%)
At close: 4:35PM BST
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Previous close129.60
Open131.50
Bid130.05 x 0
Ask130.10 x 0
Day's range129.45 - 132.85
52-week range1.28 - 177.10
Volume2,066,889
Avg. volume4,209,778
Market cap1.92B
Beta (5Y monthly)1.00
PE ratio (TTM)7.06
EPS (TTM)18.40
Earnings date30 Jul 2020
Forward dividend & yield0.08 (6.33%)
Ex-dividend date02 Apr 2020
1y target est4.69
  • Hedge Fund Says Bonds Close to ‘Tipping Point’ After Debt Binge
    Bloomberg

    Hedge Fund Says Bonds Close to ‘Tipping Point’ After Debt Binge

    (Bloomberg) -- The deluge of debt sold around the world is raising risks for bond buyers, according to Man Group Plc, the world’s largest publicly listed hedge fund firm.Companies around the globe have sold over $2 trillion of bonds this year, a 56% jump from the same period last year and a record tally, according to Bloomberg-compiled data. With Covid-19 wreaking havoc on the global economy, government and state-related agencies have also raised $1.6 trillion this year to fund stimulus spending, the most since 2009, the data showed.“Post the market selloff in March, the supply could be easily absorbed by demand as investors added risk back at cheaper valuations, but we think we may now be close to a tipping point,” said Lisa Chua, portfolio manager at Man GLG, a unit of Man Group, which had $104 billion of assets under management as of the end of March.Man Group joins other big funds such as Oaktree Capital Management in warning that markets could turn after a steep rally. Since March, when the Federal Reserve unveiled unprecedented steps including buying corporate bonds, risk assets from U.S. stocks to junk bonds have soared.Returns on emerging-market high-yield notes, for instance, remained high at 4.2% in June. That was slower though than 6.6% gains the month before, the most in more than a decade, according to a Bloomberg Barclays index.“We believe valuations now reflect much of the positive news,” with euphoria around central banks such as the Fed providing a back-stop well priced in, said Chua.The $1.35 billion Man GLG Global Emerging Markets Debt Total Return Fund, which Chua helps manage, has returned 9.2% this year, beating 99% of peers, according to data compiled by Bloomberg.Even as markets have rallied, there are looming fears that the economic recovery will take longer than expected as the pandemic continues to spread globally. This is stoking concerns that markets could turn.“Risk accumulation appears now back to the highs,” said Chua. “The risk from such a large amount of debt being sold globally is that the positioning of the buyers of that debt becomes so crowded that there may be no marginal buyer left.”(Adds a link to a story about stock valuations)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Man Group CEO Says Fighting Day Traders Is Like Playing Poker

    (Bloomberg) -- A stock market surge fueled by day traders has been tough even for the world’s largest publicly listed hedge fund firm, which is learning how to make money out of the “new player” in the trading world.“It’s hard to play poker with someone you haven’t seen before,” Luke Ellis, chief executive officer of Man Group Plc, said on Wednesday at the Bloomberg Invest Global virtual conference.Ellis said the stock market rebound from March lows, mainly in the U.S., has been driven by greater participation of retail investors.“It’s been tough for us in the first few weeks of that activity because it’s a new player in the market that we haven’t seen for maybe 10 years and it’s a significant player,” he said.There has been unprecedented talk about a greater number of retail investors in the market, fueled in part by zero-fee trading accounts. While Wall Street heavyweights are sounding alarm about rising stock values even as the global pandemic rages on, companies preferred by retail investors are beating those liked by hedge funds and mutual funds, according to Goldman Sachs Group Inc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Hedge Funds and the Darwinian Struggle for Survival

    (Bloomberg Opinion) -- Hedge funds are in a Darwinian struggle, as the cost of succeeding has increased in terms of technology and human capital, says this week's guest on Masters in Business, Luke Ellis, chief executive officer of Man Group Plc. The industry has become a winner-take-all competition, with a small number of stars and an army of also-rans.Man Group is the world’s largest exchange-listed hedge fund, focusing on actively managed investment, with $104.2 billion in assets under management. Luke previously built and ran the equities-derivative business at JPMorgan and after that the fund of fund business at Financial Risk Management, where he was managing director from 1998 to 2008.Ellis says his childhood love of horse racing and poker led him to alter the way he thinks about risk; the statistical patterns in gambling and investing are remarkably similar. His interests led him to earn degrees in mathematics and economics from Bristol University.Our conversation was recorded on Tuesday, June 9, before markets took an 11% hit. You can hear Ellis explain why he thought the market run up had gone too far too fast before that mini-crash.Ellis credits the firm’s disciplined, quantitative approach for helping the company navigate the big slump in March. The firm’s investments are about 60% hedged and 40% long-only. The hedged portions did especially well. For the first quarter, Man’s total returns were down only 11%, about a third as much as the broader market.His favorite books are here; a transcript of our conversation is here.You can stream and download our full conversation, including the podcast extras, on iTunes, Spotify, Overcast, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Jeremy Siegel of Wharton School of Business and Wisdom Tree, discussing valuations and asset management under lockdown.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Suburban American Dream Is Going to Make a Comeback
    Bloomberg

    The Suburban American Dream Is Going to Make a Comeback

    (Bloomberg Opinion) -- What happens when all of the advantages of living in big cities go away and new disadvantages of expensive urban density are revealed? This week's guest on Masters in Business, activist real estate hedge-fund manager Jonathan Litt, founder and chief investment officer of Land & Buildings Investment Management LLC, says he thinks it means a rebirth of the American dream of suburban home ownership.Litt has spent the past 25 years as a strategist and an investor in both public real-estate securities and direct property ownership. Litt says the work-from-home experiment during the coronavirus pandemic has turned out better than expected: Productivity is higher and new technologies create a much better experience than in the shorter post-Sept. 11 version.The high costs in big cities such as New York and San Francisco likely mean new challenges for commercial real estate and investing in real-estate investment trusts that own office buildings. His biggest bets are in the suburban single-family home market. He said he is expecting the annual population loss of about 1% from big urban centers to increase as post-pandemic millennials and city-dwellers rediscover the appeal of suburbia.His favorite books are here; a transcript of our conversation is here.You can stream and download our full conversation, including the podcast extras, on iTunes,  iTunes, Spotify, Overcast, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Luke Ellis, chief executive officer of Man Group Plc, a global active investment manager with $104.2 billion in assets under management.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Man share price – where next?
    Stockopedia

    The Man share price – where next?

    The Man (LON:EMG) share price has risen by 8.52% over the past month and it’s currently trading at 142.1. For investors considering whether to buy, hold or sel...

  • Globe Newswire

    Man Group PLC : Form 8.3 - Pollen Street Secured Lending plc

    FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a):   The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereePollen Street Secured Lending plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e) Date position held/dealing undertaken:   For an opening position disclosure, state the latest practicable date prior to the disclosure29/05/2020 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state “N/A”YES / NO / N/A If YES, specify which: Please fill in manually 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:    1p ordinary     InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:  -  0  -  0 (2) Cash-settled derivatives:    738,922 0.9985  -  0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  -  0  -  0     TOTAL:  738,922 0.9985  -  0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit 1p ordinary      (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit 1p ordinaryCFDReducing a long position11,2186.9000  (c)       Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”       (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”       (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:01/06/2020 Contact name:Abdi Musse Telephone number:+442071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Globe Newswire

    Man Group PLC : Form 8.3 - Georgia Capital plc

    FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a):   The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.  (c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereeGeorgia Capital plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e) Date position held/dealing undertaken:   For an opening position disclosure, state the latest practicable date prior to the disclosure28/05/2020 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state “N/A”YES / NO / N/A If YES, specify which: Please fill in manually 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:       InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:  807,391 2.0099   (2) Cash-settled derivatives:    4,394 0.0109   (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  -  0       TOTAL:  811,785 2.0209   All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit 1p ordinary      (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit 1p ordinaryCFDReducing a long position3,2224.4442 GBP (c)        Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”       (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”       (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:29/05/2020 Contact name:James Carr Telephone number:+442071447242 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Brokers upbeat on Man despite economic uncertainty
    Stockopedia

    Brokers upbeat on Man despite economic uncertainty

    The Man (LON:EMG) share price has risen by 10.9% over the past month and it’s currently trading at 140.6. For investors considering whether to buy, hold or sel...

  • Globe Newswire

    Man Group PLC : Form 8.3 - Pollen Street Secured Lending PLC - Amendment

    Amendment to cash-settled derivatives transactions, section 3(b).FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a):   The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereePollen Street Secured Lending plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e) Date position held/dealing undertaken:   For an opening position disclosure, state the latest practicable date prior to the disclosure02/04/2020 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state “N/A”YES / NO / N/A If YES, specify which: Please fill in manually 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:    1p ordinary     InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:  -  0  -  0 (2) Cash-settled derivatives:    1,132,945 1.5275-  9,617 -0.0130 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  -  0  -  0     TOTAL:  1,132,945 1.5275-  9,617 -0.0130 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit        (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit 1p ordinaryCFDReducing a long position9846.7208 1p ordinaryCFDReducing a long position1316.7208 1p ordinaryCFDReducing a long position14536.7208 1p ordinaryCFDReducing a long position1696.7208 1p ordinaryCFDReducing a long position3226.7208 1p ordinaryCFDReducing a long position166.7208 1p ordinaryCFDReducing a long position1676.7208 1p ordinaryCFDReducing a long position6726.7208 1p ordinaryCFDReducing a long position8526.7208 1p ordinaryCFDReducing a long position906.7208 1p ordinaryCFDReducing a long position606.7208  (c)       Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”       (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”       (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:03/04/2020 Contact name:James Carr Telephone number:+442071447242 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Only 3 stocks up on the STOXX 600

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com) and Julien Ponthus (julien.ponthus@tr.com) in London. OPENING SNAPSHOT: ONLY 5 STOCKS UP ON THE STOXX 600 (0836 GMT) Let's start with the handful of shares which are not crashing down this morning: it's easy, there were only 3 at 0835 GMT! Among this happy few club, Rolls Royce is definitely the star performer, pulling off a 4.5% rise while the STOXX 600 is falling 3%.

  • Reuters - UK Focus

    LIVE MARKETS-$5 trillion and counting...

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com) and Julien Ponthus (julien.ponthus@tr.com) in London. Here's a quick five-day market value loss chart (as of yesterday): (Thyagaraju Adinarayan) ***** ON THE RADAR: MORE GLOOM FOR TRAVEL AND LEISURE (0752 GMT) Despite Wall Street’s plunge yesterday there is absolutely no “buy-the-dip” sentiment floating around. Uncertainty is high, and that’s illustrated by British Airways-owner IAG which said it was unable to give profit guidance for 2020 with the virus knocking travel demand.

  • Reuters

    Man Group full-year profits up as market gains offset net outflows

    British hedge fund manager Man Group <EMG.L> posted a 2019 adjusted pretax profit of $386 million (£297 million) on Friday, up 54% as strong market performance outweighed net outflows. Total assets were $117.7 billion at the end of 2019, up 8.4% from a year earlier on the positive investment performance. The firm cut its dividend for the year to 9.8 cents per share, down 17% from 2018 and in line with its dividend policy.

  • Reuters - UK Focus

    Man Group FY profits up as market gains offset net outflows

    British hedge fund manager Man Group posted a 2019 adjusted pretax profit of $386 million on Friday, up 54% as strong market performance outweighed net outflows. Total assets were $117.7 billion at the end of 2019, up 8.4% from a year earlier on the positive investment performance. The firm cut its dividend for the year to 9.8 cents per share, down 17% from 2018 and in line with its dividend policy.

  • Reuters - UK Focus

    UPDATE 1-Man Group assets hit by outflows of client cash, FX

    British hedge fund manager Man Group said assets were hit by net outflows of client cash and adverse currency moves in the third quarter and an uncertain outlook could weigh on sentiment into year-end. With leading stock markets including the S&P 500, the EuroSTOXX 50 and Britain's FTSE 100 all trading sideways to lower over the period, Man Group funds betting on rising stock prices saw the biggest outflows, at $1.7 billion.

  • Globe Newswire

    Man Group PLC : Form 8.3 - OneSavings Bank PLC

    FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a):   The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.  (c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereeOneSavings Bank plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e) Date position held/dealing undertaken:   For an opening position disclosure, state the latest practicable date prior to the disclosure30/09/2019 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state “N/A”NO If YES, specify which: Please fill in manually 2.         POSITIONS OF THE PERSON MAKING THE DISCLOSUREIf there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:  1p ordinary    InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:  8,421,002.00 3.4333  -  0 (2) Cash-settled derivatives:    2,187,423.00 0.8918  -  0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  -  0  -  0     TOTAL:  10,608,425.00 4.3251  -  0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit 1p OrdinarySale4163.6844 1p OrdinarySale5,0843.6951 1p OrdinarySale6,7003.6951 1p OrdinarySale5003.6844 1p OrdinarySale8533.6844 1p OrdinarySale13,1473.6951 1p OrdinarySale10,2393.6951 1p OrdinarySale6613.6844 (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (c)        Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”       (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”       (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:01/10/2019 Contact name:Abdi Musse Telephone number:+442071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Globe Newswire

    Man Group PLC : Form 8.3 - Low & Bonar PLC

    FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a):   N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:   Low & Bonar PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A (e) Date position held/dealing undertaken:   27th September 2019 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?   YES / NO / N/A If YES, specify which:   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:  ORD GBP 0.01    InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:  -  0  -  0 (2) Cash-settled derivatives:    8,502,729.00 1.2327  -  0 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:  -  0  -  0     TOTAL:  8,502,729.00 1.2327   -  0 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (GBP) ORD GBP 0.01CFDIncreasing a long position66,8360.1450 ORD GBP 0.01CFDIncreasing a long position526,8090.1450 ORD GBP 0.01CFDIncreasing a long position149,4810.1450 ORD GBP 0.01CFDIncreasing a long position18,9490.1450 ORD GBP 0.01CFDIncreasing a long position91,7710.1450 ORD GBP 0.01CFDIncreasing a long position724,2120.1450 ORD GBP 0.01CFDIncreasing a long position22,5190.1450 ORD GBP 0.01CFDIncreasing a long position177,6850.1450 ORD GBP 0.01CFDIncreasing a long position18,3470.1450 ORD GBP 0.01CFDIncreasing a long position144,7820.1450 ORD GBP 0.01CFDIncreasing a long position26,1670.1450 ORD GBP 0.01CFDIncreasing a long position207,0820.1450 ORD GBP 0.01CFDIncreasing a long position303,5390.1450 ORD GBP 0.01CFDIncreasing a long position38,6610.1450 ORD GBP 0.01CFDIncreasing a long position19,0300.1450 ORD GBP 0.01CFDIncreasing a long position150,6420.1450 ORD GBP 0.01CFDIncreasing a long position8,2160.1450 ORD GBP 0.01CFDIncreasing a long position65,1250.1450 ORD GBP 0.01CFDIncreasing a long position7,8510.1450 ORD GBP 0.01CFDIncreasing a long position62,2960.1450 (c)        Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)      4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”   None   (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:30th September 2019 Contact name:Abdi Musse Telephone number:02071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Globe Newswire

    Man Group PLC : Form 8.3 - BCA Marketplace PLC

    FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Full name of discloser:Man Group Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a):                                                                      N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:                                                                      BCA Marketplace plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A (e) Date position held/dealing undertaken:                                                                      27th September 2019 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      YES / NO / N/A If YES, specify which:   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)Class of relevant security:  ORD GBP 0.01    InterestsShort positions Number%Number% (1) Relevant securities owned and/or controlled:                        -   0                               -   0 (2) Cash-settled derivatives:        11,091,402.00 1.4141-                    1,629.00 -0.0002 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:                        -   0                               -   0        TOTAL:      11,091,402.00 1.4141-                    1,629.00 -0.0002 All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).(b)        Rights to subscribe for new securities (including directors’ and other employee options)Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:  3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSUREWhere there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.(a)        Purchases and salesClass of relevant securityPurchase/sale  Number of securitiesPrice per unit (b)        Cash-settled derivative transactionsClass of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (GBP) ORD GBP 0.01CFDReducing a short position72.3560 ORD GBP 0.01CFDReducing a short position12.3560 ORD GBP 0.01CFDReducing a short position122.3560 ORD GBP 0.01CFDReducing a short position22.3560 ORD GBP 0.01CFDReducing a short position12.3560 ORD GBP 0.01CFDReducing a short position42.3560 (c)        Stock-settled derivative transactions (including options)(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExerciseClass of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)      4.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”   None   (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   (c)        AttachmentsIs a Supplemental Form 8 (Open Positions) attached?YES/NO Date of disclosure:30th September 2019 Contact name:Abdi Musse Telephone number:02071443164 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Ex-Deutsche Bank CEO Cryan to chair Man Group from January
    Reuters

    Ex-Deutsche Bank CEO Cryan to chair Man Group from January

    British hedge fund Man Group <EMG.L> said on Monday that the former Deutsche Bank chief executive John Cryan has been appointed chairman and will start his new role in January 2020, replacing Ian Livingston. Cryan is currently an independent non-executive director of Man Group, and his appointment comes less than a week after the company's president Jonathan Sorrell said he would stand down with immediate effect. Livingston said in a statement that he was standing down due to new governance rules that limit board tenure of a company to nine years.

  • Reuters - UK Focus

    UPDATE 2-Computers boost Man Group H1 assets, shares up

    British hedge fund manager Man Group said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher. Man Group, the world's largest listed hedge fund, said assets under management at the end of June were $114.4 billion, up from $108.5 billion at the end of December and $112.3 billion at the end of March. Market gains of $6.8 billion drove the rise in assets, said Man Group, founded as a sugar cooperage and brokerage in 1783, and were partially offset by net outflows of $1.1 billion.

  • Reuters

    Computers boost Man Group first-half assets, shares up

    British hedge fund manager Man Group <EMG.L> said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher. Weaker equity investor sentiment prompted clients to withdraw cash from its funds, however, a trend seen at rival money managers including France-based Amundi <AMUN.PA> and UK-based Jupiter Fund Management <JUP.L>. Man Group, the world's largest listed hedge fund, said assets under management at the end of June were $114.4 billion (£94.1 billion), up from $108.5 billion at the end of December and $112.3 billion at the end of March.

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