News: Man Group PLC (EMG.L)

EMG.L on London Stock Exchange

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Fri, Feb 27 2015

BRIEF-Man Group to repurchase $175 mln of its shares

* Arrangement with Credit Suisse Securities (Europe) to repurchase shares in co, up to a maximum consideration of $175 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

Fitch: Man's 2014 Results Benefit from Diversification and Cost Cuts

(The following statement was released by the rating agency) LONDON, February 25 (Fitch) Fitch Ratings says Man Group plc's (Man) solid performance in 2014 shows that recent acquisitions have increased the diversification of Man's earnings and distribution base in a still challenging environment for alternative investment fund management, Last week's announcement of the planned acquisition of NewSmith LLP, a small London-based equity investment manager, is likely to reinforce this trend. Man

UPDATE 2-Cautious outlook takes shine off Man Group's results

* Shares down 1 pct (Adds details, background, share reaction, quote)

Man Group pretax profit jumps 62 pct to $481 mln

LONDON, Feb 25 - Man Group Plc reported a 62 percent jump in adjusted pretax profit to $481 million for 2014 as it benefited from cost savings and booked higher performance fees.

Man Group to buy NewSmith's investment management business

LONDON - The world's biggest listed hedge fund company, Man Group, said on Friday it had agreed to buy the investment management business of NewSmith.

Man Group to buy NewSmith's investment management business

LONDON - The world's biggest listed hedge fund company, Man Group, said on Friday it had agreed to buy the investment management business of NewSmith.

UPDATE 1-Man Group to buy NewSmith's investment management business

* Says opportunity to manage more funds for Sumi Trust (Adds details, comment from Man Group president)

Man Group buys NewSmith's investment management business

LONDON, Feb 20 - The world's biggest listed hedge fund company, Man Group, said on Friday it had agreed to buy the investment management business of NewSmith, an equity investment manager with $1.2 billion of funds under management.

MOVES- KPMG, Candriam Investors, KeyCorp, Man Group

Feb 9 - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com.

UPDATE 1-Swiss franc helps boost Man Group's computer-driven hedge funds

LONDON, Jan 23 - Man Group's hedge funds which use computer programs to drive their investment decisions have made gains of up to 5.7 percent in the first two weeks of January, profiting in part from the surprise jump in the value of the Swiss franc.

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