Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

News Archive

Read More Industry News >

Man Group's AuM Continues to Drop

Aug 04, 2013
Jing Chen

Assets in Man Group, the world’s largest publicly traded hedge fund, continues to shrink.

London-based Man announced in a statement Friday that investors redeemed $11.5 billion in the first half of 2013, leaving the firm with $52 billion in assets as of June 30. Man had $57 billion in AuM at the end of last year, after it experienced a nearly 60% increase in liquidations in the third quarter of 2012.

While Man CEO Manny Roman said in the statement that “trading conditions remain tough and [Man does] not see any improvement in the near-term outlook,” the firm has shifted its focus to investment performance and diversifying its investment management activities which it believes will “cope with such circumstances.”

London-based Odey Asset Management cut its holding in Man to 6.72% last month after the latter’s share price drop nearly 40% over the last month.


Read More Industry News >

Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More