TIDMEMG
RNS Number : 2792V
Man Group plc
15 April 2016
Press Release
15 April 2016
TRADING STATEMENT for the quarter ended 31 March 2016
Key points
-- Funds under management (FUM) of $78.6 billion at 31 March
2016 (31 December 2015: $78.7 billion)
-- Net inflows in the quarter of $0.5 billion, comprising sales
of $5.1 billion and redemptions of $4.6 billion:
o Net inflows across quant alternative ($1.3 billion) and for
quant long only strategies ($0.4 billion), partially offset by;
o Net outflows from discretionary alternative ($0.6 billion),
discretionary long only ($0.5 billion), and guaranteed products
($0.1 billion);
o Net flows for fund of fund alternatives flat for the
quarter
-- Overall investment movement of negative $0.7 billion in the quarter:
o Positive investment performance across AHL's range of
strategies, adding $0.8 billion to FUM, more than offset by;
o Negative investment performance for GLG, mainly across their
long only strategies, reducing FUM by $1.5 billion;
o Investment performance for Numeric and FRM broadly flat for
the quarter
-- FX movements of positive $0.8 billion in the quarter,
primarily driven by the weakening of the US Dollar against the
Japanese Yen and Euro
-- Other negative movements of $0.7 billion in relation to
negative investment exposure adjustments ($0.4 billion) and CLO and
guaranteed product maturities ($0.3 billion)
Manny Roman, Chief Executive Officer of Man Group, said:
"Against the backdrop of challenging market conditions for the
global investment management industry, we have delivered results
for the first three months of the year that demonstrate the value
and benefits of a diversified business model. Investment
performance across our quantitative strategies and net inflows
meant that group funds under management remained stable over a
highly volatile quarter.
The ongoing uncertainty in the markets remains challenging and,
accordingly, the risk appetite of our clients has the potential to
impact flows. However, the ongoing diversification of our business
has enhanced our resilience as a firm, and positions us well to
navigate the current economic climate. As we have previously
indicated, we continue to explore new options for growth, both
organically and by acquisition, within our disciplined financial
framework."
FIRST QUARTER FUM COMMENTARY
FUM movements by product type
$bn FUM at Sales Redemptions Net inflows Investment FX Other FUM at
31 Dec / (outflows) movement 31 March
2015 2016
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Alternative 44.6 3.1 (2.4) 0.7 0.5 0.7 (0.6) 45.9
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Quant (AHL
/ Numeric) 16.4 1.9 (0.6) 1.3 0.8 0.3 (0.1) 18.7
Discretionary
(GLG) 16.3 0.4 (1.0) (0.6) (0.3) 0.2 (0.2) 15.4
Fund of funds
(FRM) 11.9 0.8 (0.8) - - 0.2 (0.3) 11.8
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Long only 32.8 2.0 (2.1) (0.1) (1.2) - - 31.5
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Quant (Numeric
/ AHL) 18.6 0.8 (0.4) 0.4 - - - 19.0
Discretionary
(GLG) 14.2 1.2 (1.7) (0.5) (1.2) - - 12.5
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Guaranteed 1.3 - (0.1) (0.1) - 0.1 (0.1) 1.2
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
Total 78.7 5.1 (4.6) 0.5 (0.7) 0.8 (0.7) 78.6
---------------- -------- ------ ------------ -------------- ----------- ---- ------ ----------
ALTERNATIVES
Quant
Quant alternative (AHL / Numeric) FUM increased by $2.3 billion
during the quarter driven by net inflows, positive investment
performance and positive FX movements. The net inflows of $1.3
billion included $0.3 billion into Dimension, $0.3 billion into
Alpha, $0.2 billion into Diversified and $0.5 billion into other
AHL styles, which included $0.4 billion into our US onshore 40-Act
strategy. Positive investment performance across the majority of
AHL strategies drove the $0.8 billion of investment movement, with
Evolution up 7.6%, Diversified up 5.4%, Dimension up 4.2%, and
Alpha up 3.9% in the quarter. Positive FX movements of $0.3 billion
were a result of the US Dollar weakening against the Euro, Japanese
Yen and Australian Dollar. As at 31 March 2016, 71% of AHL open
ended funds were at high watermark and 10% were within 5% of high
watermark.
Discretionary
Discretionary alternatives (GLG) FUM decreased by $0.9 billion
during the period, primarily driven by net outflows and negative
investment performance. The net outflows of $0.6 billion were
mainly from our North American equity and convertibles strategies.
The negative investment movement of $0.3 billion in the quarter was
due to negative performance across the range of strategies. FX
movements were positive, increasing FUM by $0.2 billion in the
quarter. Other movements related to CLO maturities of $0.2 billion
in the period. As at 31 March 2016, 9% of GLG performance fee
eligible FUM was at high watermark and 55% was within 5% of high
watermark.
Fund of funds
Alternative fund of funds (FRM) FUM reduced by $0.1 billion
during the quarter as a result of negative other movements,
partially offset by positive FX movements. Net flows were flat for
the quarter. Sales included $0.7 billion from recently awarded
managed account mandates, and redemptions included $0.4 billion
from FRM Diversified strategies. Investment movement was flat for
the quarter. Positive FX movements increased FUM by $0.2 billion
due to the weakening of the US Dollar in the period against the
Japanese Yen and Euro. The negative other movements of $0.3 billion
related to investment exposure adjustments.
LONG ONLY
Quant
Quant long only (Numeric / AHL) FUM increased by $0.4 billion
during the quarter as a result of net inflows, mainly into Numeric
Emerging Markets. Investment movement was broadly flat across
Numeric's range of strategies. The asset weighted performance
relative to a blend of applicable benchmarks (net of fees) across
Numeric's product range was approximately -0.7%(1) for the
quarter.
Discretionary
Discretionary long only (GLG) FUM decreased by $1.7 billion due
to negative investment movement and net outflows in the period. Net
outflows of $0.5 billion were mainly in relation to Japan
CoreAlpha. The negative investment movement of $1.2 billion was
mainly driven by Japan CoreAlpha, which was down 16.3% for the
period (compared to the Topix which was down 12.0%).
GUARANTEED PRODUCTS
Guaranteed product FUM decreased by $0.1 billion in the quarter
to $1.2 billion. There were no guaranteed product launches and
redemptions were $0.1 billion. Positive FX movements increased FUM
by $0.1 billion due to the weakening of the US Dollar against the
Australian Dollar and Euro. Negative other movements of $0.1
billion related to maturities during the quarter.
(1) Numeric's asset weighted alpha YTD to 31 March 2016 is
calculated using the asset weighted average of the performance
relative to the benchmark for all non-restricted strategy
composites available net of the highest management fees and, as
applicable, performance fees that can be charged.
FUM by manager
$bn 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar
2016 2015 2015 2015 2015
------------------------- ------- ------- ------- ------- -------
AHL 19.2 16.9 17.9 15.8 16.5
------------------------- ------- ------- ------- ------- -------
AHL Diversified (inc.
Guaranteed) 4.6 4.1 4.4 4.3 5.1
AHL Alpha 4.5 3.9 4.0 3.0 3.7
AHL Evolution 2.9 2.7 3.0 2.9 3.0
AHL Dimension 4.6 4.1 4.2 3.6 2.4
Europe and Asia Plus 0.9 1.2 1.1 1.2 1.7
Other specialist styles 1.7 0.9 1.2 0.8 0.6
------------------------- ------- ------- ------- ------- -------
Numeric 19.4 19.0 17.2 18.4 17.8
------------------------- ------- ------- ------- ------- -------
Global 10.6 10.8 9.3 9.7 9.6
Emerging markets 2.6 2.1 1.9 2.5 2.4
US 4.9 4.8 4.6 4.7 4.3
Alternatives 1.3 1.3 1.4 1.5 1.5
------------------------- ------- ------- ------- ------- -------
GLG 27.9 30.5 31.0 33.3 33.3
------------------------- ------- ------- ------- ------- -------
Alternatives 15.4 16.3 17.4 18.0 17.2
------------------------- ------- ------- ------- ------- -------
Europe equity 4.0 3.9 4.0 3.9 4.0
North America equity 1.1 1.3 2.2 2.5 2.2
Other equity 0.6 0.5 0.6 0.6 0.5
Convertibles 3.6 4.0 4.0 4.0 3.8
(MORE TO FOLLOW) Dow Jones Newswires
April 15, 2016 02:00 ET (06:00 GMT)
Market Neutral 0.5 0.6 0.6 0.7 0.7
CLO 5.0 5.1 5.2 5.5 5.3
Multi-strategy 0.6 0.9 0.8 0.8 0.7
Long only 12.5 14.2 13.6 15.3 16.1
------------------------- ------- ------- ------- ------- -------
Japan equity 7.0 8.6 7.7 8.7 10.3
Europe equity 2.2 2.0 1.7 1.6 1.2
UK equity 0.7 0.8 0.6 0.6 0.5
Other equity 1.0 1.1 1.4 1.7 1.3
Fixed income 1.6 1.7 2.2 2.7 2.8
------------------------- ------- ------- ------- ------- -------
FRM 12.1 12.3 10.7 11.3 10.5
------------------------- ------- ------- ------- ------- -------
Infrastructure and
direct access 3.9 3.2 1.5 2.1 2.3
Segregated 2.8 2.6 3.1 3.0 3.0
Diversified FoHF 4.2 4.6 4.2 4.6 3.2
Thematic FoHF 0.9 1.5 1.5 1.1 1.4
Guaranteed 0.3 0.4 0.4 0.5 0.6
------------------------- ------- ------- ------- ------- -------
Total 78.6 78.7 76.8 78.8 78.1
------------------------- ------- ------- ------- ------- -------
Investment performance
Total Return Annualised Return
---------------------------------------- ---------------------- --------------------------
3 years
3 months 12 months to 5 years
to to 31 Mar to 31
31 Mar 16 31 Mar 16 16 Mar 16
---------------------------------------- ---------- ---------- ----------------- -------
AHL
AHL Diversified(1) 5.4% -5.3% 8.6% 5.4%
AHL Alpha(2) 3.9% -0.7% 7.4% 5.3%
AHL Evolution(3) 7.6% 1.5% 15.0% 16.7%
AHL Dimension(4) 4.2% 8.6% 7.9% 5.9%
---------------------------------------- ---------- ---------- ----------------- -------
GLG ALTERNATIVES
Equity
Europe
GLG European Long Short(5) -2.4%* -0.1%* 1.4%* 3.1%*
Man GLG European Equity Alternative
UCITS(6) -2.6% -0.6% 0.7% n/a
Man GLG European Alpha Alternative
UCITS(7) -0.8% -1.6% 0.5% 1.1%
UK
Man GLG Alpha Select UCITS(8) -0.5% 1.6% 5.6% 1.3%
Global
Man GLG Cred-Eq Alternative Class(9) -5.5% -11.1% n/a n/a
Man GLG Value Opportunity (10) -4.8%* -11.3%* n/a n/a
Convertibles
GLG Global Convertible(11) -3.0% -4.4% 0.8% 1.1%
Man GLG Global Convertible UCITS(12) -2.8% -3.7% 2.7% 2.4%
Market neutral
GLG Market Neutral(13) -2.6%* -2.1%* -1.3%* 1.8%*
Man GLG European Distressed(14) -1.9%* 4.1%* 1.0%* 2.6%*
Multi-strategy
Man Multi-Strategy(15) -2.0%* 0.0%* 1.7%* 1.3%*
---------------------------------------- ---------- ---------- ----------------- -------
GLG LONG ONLY
Man GLG Europe Plus ETF(16) -6.1% -12.3% 6.4% 6.6%
Man GLG Japan Core Alpha Equity(17) -16.3% -15.8% 10.5% 9.9%
Man GLG Global Equity UCITS(18) -4.7% -9.2% 6.5% 5.4%
Man GLG Strategic Bond(19) 2.4% -4.2% 2.6% n/a
Man GLG Undervalued Assets(20) -4.4% -1.2% n/a n/a
Man GLG European Equity(21) -5.8% -9.1% 10.6% 7.5%
Man GLG UK Select(22) -2.4% -4.8% 8.0% 6.8%
Man GLG Continental European Growth(23) 1.5% 19.0% 18.1% 12.4%
---------------------------------------- ---------- ---------- ----------------- -------
Total Return Annualised Return
3 years 5 years
3 months 12 months to to
to to 31 Mar 31 Mar
31 Mar 16 31 Mar 16 16 16
FRM
FRM Diversified II(24) -3.4% -5.9% 1.0% 1.1%
Indices
World stocks(25) -1.8% -4.4% 8.8% 8.4%
World bonds(26) 3.8% 3.1% 4.2% 4.9%
Corporate bonds(27) 7.4% 3.0% 5.9% 8.9%
Hedge fund indices
HFRI Fund of Funds Composite Index(28) -2.5% -5.1% 2.0% 1.4%
HFRI Fund Weighted Composite Index(28) -0.8% -4.1% 2.1% 1.8%
HFRX Global Hedge Fund Index(28) -1.9% -7.4% -0.9% -1.2%
HFRI Fund of Funds Conservative
Index(28) -2.2% -3.7% 2.0% 1.6%
Style indices
Barclay BTOP 50 Index(29) 1.8% -3.8% 3.9% 1.8%
HFRI Equity Hedge (Total) Index(28) -1.7% -4.5% 2.6% 1.8%
HFRI EH: Equity Market Neutral
Index(28) 0.6% 3.3% 4.1% 2.7%
HFRI Macro (Total) Index(28) 1.2% -3.3% 1.2% 0.2%
HFRI Relative Value (Total) Index(28) 0.0% -2.0% 2.5% 3.7%
--------------------------------------- ---------- ---------- --------- --------
Total Return Annualised Return
------------------------------- ---------------------------- -------------------------------
NUMERIC LONG ONLY 3 months to 12 months to 3 years to 5 years to
31 Mar 16 31 Mar 16 31 Mar 16 31 Mar 16
------------------------------- ------------- ------------- ------------------ -----------
U.S. Large Cap Equity
------------------------------- ------------- ------------- ------------------ -----------
Numeric Core 0.1% -1.4% 13.5% 13.4%
Russell 1000(R)# 1.2% 0.5% 11.5% 11.4%
Relative Return -1.1% -1.9% 2.0% 2.0%
Numeric All Cap Core -0.1% -4.2% 11.5% 12.5%
Russell 3000(R)# 1.0% -0.3% 11.1% 11.0%
Relative Return -1.1% -3.9% 0.4% 1.5%
Numeric Large Cap Core -0.4% -1.4% 13.9% 13.6%
S&P 500(R)# 1.3% 1.8% 11.8% 11.6%
Relative Return -1.8% -3.2% 2.1% 2.1%
Numeric Value -0.2% -2.2% 11.9% 12.5%
Russell 1000 Value(R)# 1.6% -1.5% 9.4% 10.2%
Relative Return -1.9% -0.7% 2.5% 2.2%
Numeric Amplified Core
(130/30) -1.0% 1.5% 17.3% 16.9%
S&P 500(R)# 1.3% 1.8% 11.8% 11.6%
Relative Return -2.3% -0.2% 5.5% 5.3%
------------------------------- ------------- ------------- ------------------ -----------
U.S. Small Cap Equity
------------------------------- ------------- ------------- ------------------ -----------
Numeric Small Cap Core -2.1% -9.5% 8.7% 9.8%
Russell 2000(R)# -1.5% -9.8% 6.8% 7.2%
Relative Return -0.5% 0.2% 1.8% 2.6%
Numeric Small Cap Growth -4.5% -12.4% 9.0% 9.9%
Russell 2000 Growth(R)# -4.7% -11.8% 7.9% 7.7%
Relative Return 0.1% -0.6% 1.1% 2.2%
Numeric Small Cap Value 0.3% -7.6% 8.7% 9.7%
Russell 2000 Value(R)# 1.7% -7.7% 5.7% 6.7%
Relative Return -1.4% 0.1% 2.9% 3.1%
Numeric SMID Growth -2.6% -10.6% 10.8% 10.3%
Russell 2500 Growth(R)# -2.7% -9.6% 9.2% 8.8%
Relative Return 0.0% -1.0% 1.6% 1.6%
------------------------------- ------------- ------------- ------------------ -----------
Global / Non-U.S. Equity
------------------------------- ------------- ------------- ------------------ -----------
(MORE TO FOLLOW) Dow Jones Newswires
April 15, 2016 02:00 ET (06:00 GMT)
Numeric Global Core -1.5% -2.0% 10.7% n/a
MSCI World(R)# -0.3% -3.5% 6.8% n/a
Relative Return -1.2% 1.4% 3.9% n/a
Numeric Global Small Cap -0.2% -2.6% n/a n/a
MSCI World Small Cap(R)# 0.7% -3.9% n/a n/a
Relative Return -0.9% 1.3% n/a n/a
Numeric EAFE Core -1.3% -0.8% n/a n/a
MSCI EAFE(R)# -3.0% -8.3% n/a n/a
Relative Return 1.7% 7.5% n/a n/a
Numeric International Small
Cap -0.4% 6.0% 9.2% 9.5%
MSCI World ex U.S. Small
Cap(R)# 0.6% 2.0% 5.9% 4.7%
Relative Return -1.0% 4.0% 3.3% 4.8%
Numeric Europe Core (EUR) -6.3% -10.1% 11.4% 10.8%
MSCI Europe(R)# (EUR) -7.1% -13.7% 6.9% 6.6%
Relative Return 0.7% 3.6% 4.5% 4.1%
Numeric Japan Core (YEN) -12.9% -9.6% 12.0% 13.2%
MSCI Japan(R)# (YEN) -12.7% -12.9% 10.2% 10.6%
Relative Return -0.3% 3.3% 1.8% 2.6%
Numeric Asia Pacific ex Japan 0.8% -8.6% n/a n/a
Russell Asia Pacific ex
Japan(R)# 1.4% -10.4% n/a n/a
Relative Return -0.6% 1.8% n/a n/a
------------------------------- ------------- ------------- ------------------ -----------
Emerging Markets
------------------------------- ------------- ------------- ------------------ -----------
Numeric Emerging Markets Alpha 5.1% -11.5% 1.5% 2.1%
MSCI Emerging Markets(R)# 5.7% -12.0% -4.5% -4.1%
Relative Return -0.7% 0.5% 6.0% 6.3%
Numeric Emerging Markets Core 4.5% -11.3% n/a n/a
MSCI Emerging Markets(R)# 5.7% -12.0% n/a n/a
Relative Return -1.2% 0.7% n/a n/a
NUMERIC LONG/SHORT
Numeric US Market Neutral -0.9% 3.2% 2.8% 4.5%
Numeric World Market Neutral -3.4% 0.7% 3.2% 4.3%
Numeric Alternative Market
Neutral -0.2% 2.2% 5.2% 5.6%
Numeric Absolute Return 2.0% 2.5% 4.7% 4.5%
ML 91-Day T-Bill(R) 0.1% 0.1% 0.1% 0.1%
------------------------------- ------------- ------------- ------------------ -----------
Source: Man database, Bloomberg, MSCI and Source. There is no guarantee of trading
performance
and past or projected performance is not a reliable indicator of future performance. Returns
may increase or decrease as a result of currency fluctuations.
1) Represented by Man AHL Diversified plc from 26 March 1996 to 29 October 2012, and by Man
AHL Diversified (Guernsey) USD Shares - Class A from 30 October 2012 to date. The
representative
product was changed at the end of October 2012 due to legal and/or regulatory restrictions
on Man AHL Diversified plc preventing the product from accessing the Programme's revised
target
allocations. Both funds are valued weekly; however, for comparative purposes, statistics
have
been calculated using the best quality price that is available at each calendar month end,
using estimates where a final price is unavailable. Where a price, either estimate or final
is unavailable on a calendar month end, the price on the closest date prior to the calendar
month end has been used.
2) Represented by AHL Alpha plc from 17 October 1995 to 30 September 2012, and by AHL
Strategies
PCC Limited: Class Y AHL Alpha USD Shares from 1 October 2012 to 30 September 2013. The
representative
product was changed at the end of September 2012 due to the provisioning of fund liquidation
costs in October 2012 for AHL Alpha plc, which resulted in tracking error compared with
other
Alpha Programme funds. Both funds are valued weekly; however, for comparative purposes,
statistics
have been calculated using the best quality price that is available at each calendar month
end, using estimates where a final price is unavailable. Where a price, either estimate or
final is unavailable on a calendar month end, the price on the closest date prior to the
calendar
month end has been used. Both of the track records have been adjusted to reflect the fee
structure
of AHL Alpha (Cayman) Limited - USD Shares. From 30 September 2013, the actual performance
of AHL Alpha (Cayman) Limited - USD Shares is displayed.
3) Represented by AHL Strategies PCC: Class G AHL Evolution USD from 1 November 2006 to 30
November 2011; and by the performance track record of AHL Investment Strategies SPC: Class
E AHL Evolution USD Notes from 1 December 2011 to 30 November 2012. From 1 December 2012,
the track record of AHL (Cayman) SPC: Class A1 Evolution USD Shares has been shown. All
returns
shown are net of fees.
4) Represented by AHL Strategies PCC Limited: Class B AHL Dimension USD Shares from 3 July
2006 to 31 May 2014, and by AHL Dimension (Cayman) Ltd - F USD Shares Class from 1 June 2014
until 28 February 2015 when AHL Dimension (Cayman) Ltd - A USD Shares Class is used.
Representative
fees of 1.5% Management Fee and 20% Performance Fee have been applied.
5) Represented by GLG European Long Short Fund - Class D Unrestricted - EUR.
6) Represented by Man GLG European Equity Alternative IN EUR.
7) Represented by Man GLG European Alpha Alternative IN EUR.
8) Represented by Man GLG Alpha Select Alternative IN H EUR.
9) Represented by Man GLG Cred-Eq Alternative Class IN EUR
10) Represented by Man GLG Value Opportunity Class B USD Unrestricted
11) Represented by GLG Global Convertible Fund - Class A - USD.
12) Represented by Man GLG Global Convertible UCITS Fund - Class IM USD.
13) Represented by GLG Market Neutral Fund - Class Z Unrestricted - USD.
14) Represented by Man GLG European Distressed Fund - Class A - USD.
15) Represented by the gross return of Man GLG Multi-Strategy Fund - Class A - USD Shares
until 31 December 2012. From 1 January 2013 the performance of Man Multi-Strategy Fund -
Class
G - USD Shares is displayed.
16) Represented by the official performance of Man GLG Europe Plus Source ETF net of a 0.75%
p.a. management fee and no performance fee. Provided by Source.
17) Represented by Man GLG Japan CoreAlpha Equity Fund - Class I JPY.
18) Represented by Man GLG Global Equity Fund - Class I T USD to Class I USD (13/05/2011).
19) Represented by Man GLG
Strategic Bond Fund Class A.
20) Represented by Man GLG Undervalued Assets
Fund - C Accumulation Shares.
21) Represented by Man GLG
European Equity Class I EUR
22) Represented by Man GLG UK
Select Fund Class A
23) Represented by Man GLG Continental European Growth Fund Class A Accumulation Shares
24) Represented by FRM
Diversified II USD A
25) Represented by MSCI World
Net Total Return Index hedged
to USD.
26) Represented by Citigroup World Government Bond Index hedged to USD (total return).
27) Represented by Citigroup
High Grade Corp Bond TR.
28) HFRI and HFRX index performance over the past 4 months is subject to change.
29) The historic Barclay BTOP
50 Index data is subject to
change.
Please note that the dates in brackets represent the date of the join in the linked track
records.
*Estimated.
Unless otherwise stated, returns are based on the performance of
unrestricted accounts or share classes within each strategy, as
applicable. Performance is net-of-fees unless otherwise stated.
Returns of accounts with client restrictions may differ.
#The reference index listed by Numeric is intended to best represent the
strategy's universe. Investors may choose to compare returns for their
accounts to different reference indices, resulting in differences in relative
return information. Comparison to an index is for informational purposes
only, as the holdings of an account managed by Numeric will differ from
the securities which comprise the index and may have greater volatility
than the holdings of an index.
Past or projected performance is no indication of future results. Returns
may increase or decrease as a result of currency fluctuations.
The information herein is being provided solely in connection with this
press release and is not intended to be, nor should it be construed or
used as, investment, tax or legal advice, any recommendation or opinion
regarding the appropriateness or suitability of any investment or strategy,
or an offer to sell, or a solicitation of an offer to buy, an interest
in any security, including an interest in any fund or pool described herein.
Enquiries
Andrea Waters
Head of Investor Relations
+44 20 7144 3508
andrea.waters@man.com
Rosanna Konarzewski
Global Head of Communications & Marketing
+44 20 7144 2072
rosanna.konarzewski@man.com
Finsbury
Michael Turner
+44 20 7251 3801
About Man Group
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Man Group is one of the world's largest independent alternative
investment managers, and a leader in liquid investment strategies.
Across its four investment managers (Man AHL, Man FRM, Man GLG and
Man Numeric), Man Group has diverse hedge funds strategies and long
only products across equity, credit, managed futures, convertibles,
emerging markets and multi-manager solutions. At 31 March 2016, Man
Group's funds under management were $78.6 billion.
The original business was founded in 1783. Today, Man Group plc
is listed on the London Stock Exchange under the ticker EMG.L and
is a constituent of the FTSE 250 Index.
Man Group also supports many awards, charities and initiatives
around the world, including sponsorship of the Man Booker literary
prizes. Further information can be found at www.man.com.
Forward looking statements and other important information
This document contains forward-looking statements with respect
to the financial condition, results and business of Man Group plc.
By their nature, forward-looking statements involve risk and
uncertainty and there may be subsequent variations to estimates.
Man Group plc's actual future results may differ materially from
the results expressed or implied in these forward-looking
statements.
The content of the websites referred to in this announcement is
not incorporated into and does not form part of this announcement.
Nothing in this announcement should be construed as or is intended
to be a solicitation for or an offer to provide investment advisory
services.
This information is provided by RNS
The company news service from the London Stock Exchange
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