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Man Group PLC (EMG.L)

EMG.L on London Stock Exchange

116.00GBp
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Man Group says H1 funds under management fall 3 pct yr-on-yr
Tuesday, 26 Jul 2016 02:11am EDT 

Man Group Plc : Funds under management (fum) of $76.4 billion (31 december 2015: $78.7 billion). . H1 sales fell 7 percent to $9.8 billion. . Redemptions were $8.8 billion in six months to June 30, 2016, down from $13.1 billion in first half of 2015. . Added 15 new institutional client relationships in U.S. in H1, 2016. . AHL's performance of minus 0.9 percent was below two of three relevant peer benchmarks of 0.1 percent, minus 0.1 percent and minus 2.5 percent. . GLG and FRM had performance of minus 4.1 percent and minus 4.8 percent, respectively, which were both below their relevant benchmarks of minus 0.8 percent and minus 1.6 percent, respectively. . In six months to June 30, 2016, FuM decreased 3 percent . CEO says outlook, particularly cross border post Brexit, remains uncertain and accordingly risk appetite of our clients has potential to impact flows. . CEO says committed to keeping headquarters in UK. . CEO says firm to continue to explore opportunities to grow business, both organically and by acquisition. . Half year pretax profit fell 66 percent to $55 million. . Interim dividend $0.045 per share. .Half year adjusted pretax profit fell 65 percent to $98 million..  Full Article

Man Group PLC recommends final dividend
Wednesday, 24 Feb 2016 02:00am EST 

Man Group PLC:Says it will recommend final dividend of 4.8 cents per share for the financial year to 31 December 2015.The dividend will be paid on May 13, 2016.  Full Article

Man Group PLC declares interim dividend
Wednesday, 29 Jul 2015 02:02am EDT 

Man Group PLC:Says interim dividend will be paid at the rate of 3.47 pence per share.Ex-d i v ide nd da te August 13.R e co rd da te August 14.Di v i de nd pa id Sept e mber 2.  Full Article

Man Group Plc announces Chairman to step down
Friday, 8 May 2015 02:00am EDT 

Man Group Plc:Says Jon Aisbitt intends to step down as Chairman and as director of Man Group plc in May 2016 AGM.  Full Article

Man Group PLC recommends final dividend
Wednesday, 25 Feb 2015 02:12am EST 

Man Group PLC:Recommends final dividend of 6.1 cents per share for FY Dec. 31, 2014.Says dividend will be paid at rate of 3.95 pence per share.Payable on May 15.Record date as on April 24.Ex-dividend date is April 23.  Full Article

Man Group plc completes acquisition of Silvermine Capital Management LLC
Tuesday, 20 Jan 2015 11:00am EST 

Man Group plc:Completes the previously announced acquisition of Silvermine Capital Management LLC.  Full Article

Man Group plc announces acquisition of Silvermine Capital LLC
Wednesday, 17 Dec 2014 07:06am EST 

Man Group plc:To acquire Silvermine Capital Management LLC, a Connecticut-based leveraged loan manager with $3.8 bln of funds under management across nine active collateralised loan obligation (CLO) structures as of Nov. 30, 2014.Acquisition is expected to complete in the first quarter of 2015.  Full Article

Man Group plc announces acquisition of Merrill Lynch Alternative Investments LLC's Fund of Hedge Fund Portfolio
Monday, 8 Dec 2014 11:17am EST 

Man Group plc:Enters into a conditional agreement with Merrill Lynch Alternative Investments LLC (Merrill Lynch) to acquire the investment management contracts to manage a portfolio of multi-strategy and strategy-focused fund of hedge funds (Portfolio).Acquisition is expected to complete in the second quarter of 2015, subject to certain approvals and consents, including approval of the board of managers and investors of a US registered investment company.Man Group's fund of hedge fund arm, FRM, has been selected to manage the Portfolio following a due diligence process which assessed its investment expertise, quality of personnel, investment process and ability to service clients.Following the completion of the Acquisition, Man Group intends to offer the funds to other investors globally as well as Merrill Lynch's and US Trust's wealth management clients.  Full Article

Man Group PLC completes acquisition of Numeric Holdings
Friday, 5 Sep 2014 10:07am EDT 

Man Group PLC:Says that acquisition of Numeric Holdings LLC by Man Group plc completed on Sept. 05.  Full Article

Man Group's funds fall in first half, Brexit yet to hit flows

LONDON British hedge fund manager Man Group on Tuesday posted a 3 percent fall in funds under management in the first half of the year as investment losses and other market moves more than offset a small rise in net inflows.