Summary
LONDON (Reuters) - Clients of British hedge fund firm Man Group pulled out cash for the seventh straight quarter during a volatile period for markets, offsetting a recent pick-up in performance from its flagship AHL fund.
The withdrawals stand in stark contrast to the wider hedge fund industry, which has seen roughly $30 billion of net inflows since last summer in a rebound from $330 billion of outflows in the year to June 2009.See the full content of this document
Extract
Man Group Bleeds Assets in Volatile Markets
Man, in the process of buying smaller rival GLG Partners, said assets under management - on which fund firms earn fees - f...
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