Matalan gets £25m investment boost for store upgrades Retail Clothing retailer Matalan has secured a £25m funding boost from its investors despite facing falling revenue and job losses last year, CityAM can reveal. The firm’s core investor group – Invesco, Tresidor, Man Group and Napier Park – have committed the funding to accelerate the retailer’s plans to revamp its stores. The funding boost [...]
Man Group stock price target downgraded on performance fee concerns Investing Man Group’s share price target has been downgraded by City broker Peel Hunt over concerns that the investment manager could see performance fee returns plummet in 2025. In a trading update last month, Britain’s largest hedge fund revealed that its assets had dropped by $5.6bn (£4.2bn) in the first two weeks of April thanks to [...]
Man Group: Hedge fund racks up billions in performance losses Investing Assets at hedge fund Man Group dropped by $5.6bn (£4.2bn) in the first two weeks of April as market volatility hit the asset manager’s strategies. While assets under management at Man Group jumped from $168.6bn (£127.6bn) to $172.6bn (£130.6bn) in the first three months of the year, they then fell sharply to $167bn (£126.4bn) in [...]
Rathbones chief Paul Stockton retires March 20, 2025 Rathbones group chief executive Paul Stockton is set to retire from his role after six years in the job. Stockton, who has worked at the asset manager for the last 16 years, will step down from the firm at the end of September, the company’s said today. He will be succeeded by Jonathan Sorrell who [...]
Man Group outflows jump after large client pulls funds October 17, 2024 Man Group was hit by $5.5bn (£4.2bn) in outflows during the three months to September, driven by a single client redeeming its money.
Man Group: Hedge fund sees over £8bn gains as it starts off 2024 ‘strongly’ July 26, 2024 Hedge fund Man Group revealed that it generated investment performance of $11.1bn (£8.6bn) over the first six months of 2024, as it started the year off "strongly".
Hedge fund group Man sees assets under management swell to a record, announces new buyback February 29, 2024 Man Group, the world's largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees.
Man Group shares slide as revenue from fees plummets August 1, 2023 Shares in Man Group slid this morning after the hedge fund reported that its revenue had slumped in the first half of the year. Although in line with expectations, performance fees were slashed to $32m, down from $404m in the same period last year. The London-listed hedge fund said this was primarily the result of [...]
Man Group snaps up private credit fund Varagon Capital to boost access to US market July 6, 2023 Man Group has acquired a controlling stake in US middle market manager Varagon Capital Partners for $183m. The London-listed fund said Varagon’s emphasis on insurances brings “significant institutional credibility” to support Man Group’s expansion in US private credit. Varagon, which specialises in senior secured loans in non-cyclical industries, delivered compound AUM growth of 13 per [...]
Man Group records $1bn net inflows as investors jitters ease April 26, 2023 Hedge fund Man Group notched more than $1bn of net flows into its funds in the first three months of the year and bumped up its assets under management as investors edged back into the market after a turbulent 12 months.