Latest news with #ManGroup
Reuters
13 hours ago
- Business
- Reuters
Man Group's half-year profit slumps even as assets under management hit record $193 billion
LONDON, July 30 (Reuters) - Hedge fund Man Group (EMG.L), opens new tab posted a more than 40% fall in first-half core profit on Wednesday as fee income dropped, even as its assets under management rose 14% to a record $193.3 billion. The company's shares fell by as much as 5.75% at the market open, before reversing track to stand more or less steady on the day. Hedge fund returns so far this year show a stark divide between those that have been able to navigate U.S. President Donald Trump's erratic decision-making and switch tactics quickly and those hemmed in by algorithmic strategies. "During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion," said Robyn Grew, CEO of Man Group, which runs funds spanning a range of strategies. Net inflows surged 1,855% in the twelve months to June 30, driven by the hedge fund's long-only products betting on rising asset values, it said in a statement. The bulk of the new client money came from one customer who invested $13 billion in the hedge fund's systematic strategy, Numeric, chief financial officer Antoine Forterre confirmed to Reuters in a phone call. The company also saw inflows into its credit strategies, where it runs roughly $43 billion, he added. Man reported a six-month core profit before tax collected from management and performance fees of $146 million, down 43% from $257 million in June last year. Systematic hedge funds, where algorithms ride market trends until they peter out, are down roughly 10% so far this year to the end of June, according to Societe Generale. "It proved to be one of the most challenging periods for trend-following strategies in 25 years," CEO Grew said in the statement. Man Group confirmed it had recently let go of two high-profile executives while promoting others, in order to streamline operations, part of a programme launched by Grew when she became the company's first female CEO in 2023. Grew told Reuters the restructuring at Man Group would "reduce friction" in the organisation and confirmed that its two flagship systematic strategies, Numeric and AHL, though still separate, would be managed under one roof.
Yahoo
17 hours ago
- Business
- Yahoo
Man Group hits $193 billion record in assets under management, profit slips
By Nell Mackenzie LONDON (Reuters) -Hedge fund Man Group on Wednesday posted a 14% rise in assets under management to a record $193 billion in the six months to June 30, as new inflows helped offset a drop in pre-tax profit. "During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion, 11.5% ahead of the industry," said Robyn Grew, chief executive officer of Man Group. Net inflows surged 1,855% in the twelve months to June 30 of client funds, driven by the hedge fund's long-only products betting on the rising asset values, said a statement. The company's assets under management hit $193.3 billion as of June 30, up by an annual 8% and above analysts' expectations. The London-listed company reported a six-month core profit before tax that it collected from management and performance fees of $146 million, down 43% from $257 million in June last year. Hedge fund returns so far this year show a stark divide between those that have been able to navigate U.S. President Donald Trump's erratic decision-making and switch tactics quickly and those hemmed in by algorithmic strategies. Systematic hedge funds, whose algorithms ride market trends until they peter out, are down roughly 10% so far this year to the end of May, according to Societe Generale. "It proved to be one of the most challenging periods for trend-following strategies in 25 years; however, their intrinsic properties and long-term track record give us a high degree of conviction in the role they play in allocators' portfolios," Grew said in a statement. Hedge funds tracked by research firm PivotalPath, which covers the wider industry returned around 11% in the six months to the end of June. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
18 hours ago
- Business
- Reuters
Man Group hits $193 bln record in assets under management, profit slips
LONDON, July 30 (Reuters) - Hedge fund Man Group (EMG.L), opens new tab on Wednesday posted a 14% rise in assets under management to a record $193 billion in the six months to June 30, as new inflows helped offset a drop in pre-tax profit. "During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion, 11.5% ahead of the industry," said Robyn Grew, chief executive officer of Man Group. Net inflows surged 1,855% in the twelve months to June 30 of client funds, driven by the hedge fund's long-only products betting on the rising asset values, said a statement. The company's assets under management hit $193.3 billion as of June 30, up by an annual 8% and above analysts' expectations. The London-listed company reported a six-month core profit before tax that it collected from management and performance fees of $146 million, down 43% from $257 million in June last year. Hedge fund returns so far this year show a stark divide between those that have been able to navigate U.S. President Donald Trump's erratic decision-making and switch tactics quickly and those hemmed in by algorithmic strategies. Systematic hedge funds, whose algorithms ride market trends until they peter out, are down roughly 10% so far this year to the end of May, according to Societe Generale. "It proved to be one of the most challenging periods for trend-following strategies in 25 years; however, their intrinsic properties and long-term track record give us a high degree of conviction in the role they play in allocators' portfolios," Grew said in a statement. Hedge funds tracked by research firm PivotalPath, which covers the wider industry returned around 11% in the six months to the end of June.
Yahoo
23-07-2025
- Business
- Yahoo
3 UK Dividend Stocks Offering Yields Up To 6.7%
The United Kingdom's FTSE 100 index has recently experienced a downturn, influenced by weak trade data from China, which has impacted companies with close ties to the Chinese economy. Amidst these market fluctuations, investors may find value in dividend stocks that offer stable income streams; such stocks can provide a buffer against volatility while contributing to long-term financial goals. Top 10 Dividend Stocks In The United Kingdom Name Dividend Yield Dividend Rating WPP (LSE:WPP) 9.25% ★★★★★★ Treatt (LSE:TET) 3.42% ★★★★★☆ OSB Group (LSE:OSB) 5.98% ★★★★★☆ NWF Group (AIM:NWF) 4.78% ★★★★★☆ MONY Group (LSE:MONY) 6.03% ★★★★★★ Man Group (LSE:EMG) 7.03% ★★★★★☆ Keller Group (LSE:KLR) 3.58% ★★★★★☆ Grafton Group (LSE:GFTU) 4.07% ★★★★★☆ Dunelm Group (LSE:DNLM) 6.66% ★★★★★☆ 4imprint Group (LSE:FOUR) 4.73% ★★★★★☆ Click here to see the full list of 59 stocks from our Top UK Dividend Stocks screener. Let's explore several standout options from the results in the screener. Bioventix Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Bioventix PLC develops, produces, and distributes sheep monoclonal antibodies for global diagnostic use, with a market cap of £142.38 million. Operations: Bioventix PLC generates its revenue primarily from the biotechnology segment, amounting to £13.66 million. Dividend Yield: 5.7% Bioventix offers a compelling dividend yield of 5.69%, placing it in the top 25% of UK dividend payers. While its dividends have been stable and reliable over the past decade, growing with minimal volatility, concerns arise due to its high payout ratios—104.5% from earnings and 107.8% from cash flows—indicating unsustainability. Despite trading at a discount to estimated fair value, the coverage by earnings and cash flow remains inadequate for long-term sustainability. Click here to discover the nuances of Bioventix with our detailed analytical dividend report. Our expertly prepared valuation report Bioventix implies its share price may be lower than expected. ME Group International Simply Wall St Dividend Rating: ★★★★☆☆ Overview: ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom with a market cap of £827.08 million. Operations: ME Group International plc generates revenue from its operations involving the sale and servicing of instant-service equipment in the UK. Dividend Yield: 3.6% ME Group International's dividend yield of 3.61% falls short of the top UK payers, yet its dividends are well-covered by earnings with a payout ratio of 29.4%. Recent increases in interim dividends, up 11.6%, highlight potential growth despite past volatility and an unstable track record over a decade. The company's recent earnings report shows modest revenue growth to £153.79 million, indicating financial stability amidst strategic evaluations for enhancing shareholder value. Click to explore a detailed breakdown of our findings in ME Group International's dividend report. Insights from our recent valuation report point to the potential undervaluation of ME Group International shares in the market. Pollen Street Group Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Pollen Street Group, headquartered in London and founded in 2015, operates as a financial services company with a market cap of £486.32 million. Operations: Pollen Street Group generates revenue through its Asset Manager segment, which contributes £66.80 million, and its Investment Company segment, which adds £60.38 million. Dividend Yield: 6.7% Pollen Street Group's dividend yield of 6.71% ranks in the top 25% of UK dividend payers, supported by a cash payout ratio of 38.6% and earnings payout ratio of 68.1%. Despite these strengths, its dividends have been volatile over a nine-year history, raising concerns about reliability. The company's price-to-earnings ratio of 9.8x suggests good value compared to the broader market, while recent board changes may impact future strategic direction. Navigate through the intricacies of Pollen Street Group with our comprehensive dividend report here. Our valuation report unveils the possibility Pollen Street Group's shares may be trading at a discount. Summing It All Up Get an in-depth perspective on all 59 Top UK Dividend Stocks by using our screener here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Contemplating Other Strategies? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:BVXP LSE:MEGP and LSE:POLN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
17-07-2025
- Business
- Yahoo
Hedge Fund Man Group Cuts Jobs, Elevates Greg Bond to New CIO Role
(Bloomberg) -- Man Group Plc cut jobs for the second time in a year and reshuffled its leadership as part of Chief Executive Officer Robyn Grew's ongoing overhaul of the world's biggest publicly listed hedge fund firm. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say The London-based money manager told staff in a memo on Thursday that Greg Bond, chief executive officer of Man Numeric, head of Americas, will become the new chief investment officer for the group in a newly created role. The firm had to 'make some tough decisions, which has resulted in some redundancies in the last few days,' Grew said in the internal memo, seen by Bloomberg News. A representative for Man Group, which managed $167 billion as of April 14, said a review of the businesses has resulted in the redeployment of some people and a 'small reduction' in its global headcount. The company didn't disclose the number of roles that were eliminated. The firm's headcount stood at 1,777 as of Dec. 31, the firm's annual report shows. Grew, the first female to be named CEO of the 242-year-old Man Group, has been restructuring the firm since she took the top job in September 2023. Last year, she merged the discretionary trading units and dumped three house brands in a reorganization that saw the exit of a top executive. The company told staff that Eric Burl, the head of discretionary, was on his way out after more than two decades to explore opportunities beyond finance, Financial News reported this month. Man Group has been among the leading asset managers investing heavily in cutting-edge artificial intelligence. Bloomberg News reported this month that the company's quant equity unit started using an AI tool that digs into data for ideas, writes codes for potential strategies and tests them on historic data. Several dozen signals generated by the system have passed the investment committee and are slated to be deployed in live trading, one portfolio manager told Bloomberg News. 'I am particularly excited about the potential for AI to transform the way we operate,' Grew wrote in the memo. The planned headcount reductions also come at a time when some of Man Group's funds have reported mixed returns. A chaotic first half of the year was dominated by policy upheaval and Wall Street angst, roiling markets and widening the gap between winners and losers. Here are the returns of some Man Group funds: That compares with a roughly 4% return as of June 30 this year for the Bloomberg All Hedge Fund Index. 'It has been impossible for trend following strategies to escape the whipsaw moves in global markets over the last twelve months,' Grew wrote in the memo. 'Although we have strong conviction in the long-term benefits of such strategies in clients' portfolios, and that they will perform again, this recent performance has impacted us. This has made streamlining the business even more important in order to allow us to continue to invest where we need to.' Other senior management changes in the revamp include: Steven Desmyter, the firm's president, will oversee the discretionary division in addition to his role as head of sales & marketing; Carol Ward will continue as chief of Solutions Russell Korgaonkar, CIO for Man AHL, will also take on the new role of head of systematic Dan Taylor, CIO for Man Numeric, will also become deputy head of systematic Michael Kasper will move to a new role as chief operating officer and head of systematic strategy Antoine Forterre will be chief financial officer and chief operating officer, overseeing Central Trading and Execution, Fund Treasury and the firm's strategy. He will also oversee financial risk Kate Squire, who oversees non-financial risk, will take on a new position as chief administrative officer in addition to her existing role Chief Operating Officer Doug Hamilton will be leaving the firm. The executive, whose family is from Boston, wishes to pursue opportunities back home, the memo said. Grew and Forterre will host a town hall on July 30 during which they will answer questions from staff. Man Group was founded in 1783 by James Man as a barrel maker-cum-brokerage on Harp Lane, about 500 meters from its current office along the Thames in London. Over the next two centuries, it supplied rum to the Royal Navy and traded commodities such as coffee and sugar before eventually focusing exclusively on financial services. In 1989, Man Group began acquiring a computer-driven trading shop called AHL, which, alongside Numeric, are some of its main offerings. (Updates with town hall in penultimate paragraph. An earlier version corrected the title of an executive in the first bullet of the leadership changes section.) How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy Forget DOGE. Musk Is Suddenly All In on AI The Quest for a Hangover-Free Buzz How Hims Became the King of Knockoff Weight-Loss Drugs ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
