Funds under management (FUM) at hedge fund manager Man Group have edged up during 2012, despite customers reducing the amount of money they have placed with the company.
FUM at the end of February stood at an estimated $59.5bn, up from $58.4bn at the end of 2011, reflecting positive investment performance partially offset by net outflows and what the group calls guaranteed product de-gears.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Net performance fee earnings will be added to available capital surpluses and distributed to shareholders over time by way of higher dividend payments and/or share repurchases.
What this means for the current financial year (to end-March) is a full year dividend of 22 cents.
More to follow ...
jh
-
Is it time to ride the recovery in emerging markets?Interview What's the outlook for emerging markets? Gustavo Medeiros, head of research at Ashmore Group, gives his analysis and reviews progress in developing economies
-
Could the Enterprise Investment Scheme cut your tax bill?The Enterprise Investment Scheme is tax-efficient and potentially lucrative. Taking a chance on the scheme could trim your family’s IHT bill, says David Prosser
