Man Group Expects First-Half Earnings to Rise 10%

Man Group, the world’s largest publicly traded hedge fund, indicated that for the first half of fiscal 2007 ended Sept. 30, earnings should rise more than 10% driven by a 15% spike in management fees due to strong sales.

“Our conservative approach both to portfolio construction and product leverage meant that none of our structured products has had to de-gear in the period,” Man Group said in a statement. “We believe that the group’s capital strength will remain a key competitive advantage through the coming period. Furthermore, the current market environment creates opportunities for investment.”

For reprint and licensing requests for this article, click here.
Money Management Executive
MORE FROM FINANCIAL PLANNING