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News from Man

Press releases

DateSummaryPDF
31 May 2007Preliminary results for the year ended 31 March 2007

On 30 March 2007 the Group Board announced the proposed Initial Public Offering on the New York Stock Exchange of a majority interest in Brokerage, to be renamed ‘MF Global’. The IPO is expected to take place in the third calendar quarter of 2007, subject to shareholder approval and market conditions remaining favourable. As a result, Brokerage has been reclassified as a discontinued operation in these financial statements. It is expected that a Registration Statement relating to the proposed Initial Public Offering of MF Global will be filed with the United States Securities and Exchange Commission later today and will be available on its public website. This notice does not constitute an offer of any securities for sale.

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31 Mar 2008Acquisition of a 50 per cent interest in credit specialist Ore Hill

Man Group, one of the world's leading alternative investment firms, today announces that it has entered into an agreement to acquire a 50 per cent interest in Ore Hill, a major US-based credit specialist fund manager.

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31 Jan 2011Man launches new systematic strategies group 'MSS'

Man Group plc (“Man”) is pleased to announce the creation of the Man Systematic Strategies (MSS) group. Drawing on the combined expertise of GLG, AHL and Man’s Multi-Manager business, the new group will be responsible for developing and managing profitable systematic strategies driven by cutting edge technology. The new team is planning a number of products for this year including Man GLG Europe Plus Source ETF and the recently launched Man TailProtect fund.

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30 Sep 2009Pre-Close Trading Update and FUM Statement

Man Group plc announces the following Trading Update and Funds Under Management Statement ahead of its close period for the six months ending 30 September 2009.

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30 May 2007Man Group plc appoints Kevin Hayes as Finance Director

Man Group plc today announces the appointment of Kevin Hayes as an Executive Director with the title of Finance Director replacing Peter Clarke who became Group Chief Executive on 30 March 2007.

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30 Mar 2007Man Group IPO of Man Financial, Pre-Close Trading Update and Quarterly Funds Under Management Statement

The Board of Man Group today confirms that it intends to separate its Brokerage business, Man Financial, subject inter alia to shareholder approval. The Board has conducted a thorough review in conjunction with its financial advisers and believes that both the Brokerage and Asset Management businesses will be best placed to maximise future returns and growth opportunities through focused independent strategies and appropriate individual capital structures. The Board also believes that significant value will be created for Man Group shareholders from a separation.

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30 Jan 2012Man signs United Nations-backed Principles for Responsible Investment

Man Group plc (“Man”) is pleased to announce that it has become a signatory to the United Nations-backed Principles for Responsible Investment (PRI). The PRI is a framework designed to encourage sustainable investing by incorporating environmental, social and governance issues into investment decision-making and ownership practices. Globally, there are 988 signatories, with 126 of these in the UK. Man is the largest UK-based manager of alternative assets to become a signatory.

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29 May 2008Change to the Board

Man Group plc today announces that Stanley Fink, Deputy Chairman, wishes to retire from the Man Group plc board and so will not be seeking re-election as a Director at this year's Annual General Meeting, to be held on 10 July 2008, when he is due to retire by rotation.

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29 May 2008Results for the year ended 31 March 2008

Man remains strongly positioned for continued growth.
The outlook for financial markets remains uncertain and periods of higher volatility may return. Against this backdrop, investors are likely to increase their focus on the long term benefits of diversification into non-traditional assets.

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29 Mar 2011Pre-close trading update for the financial year ending 31 March 2011

Man announces the following pre-close trading update for the financial year ending 31 March 2011.

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29 Mar 2011Man to take full ownership of Ore Hill

On 28 March 2011, Man Group plc (“Man”), through its US subsidiaries, entered into a definitive agreement to take full ownership of Ore Hill Partners LLC and Ore Hill Partners Capital Management LLC (together, “Ore Hill”) for predominantly share-based consideration. The transaction is subject to obtaining applicable consents, but completion is scheduled for the second quarter. The acquisition is expected to be earnings enhancing in the first full year.

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29 Jul 2010Exchange offer

Man Group plc announces exchange offer.

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28 Sep 2011Pre-Close Trading Update for the six months ending 30 September 2011

Man announces the following Trading Update and Funds Under Management Statement ahead of its close period for the six months ending 30 September 2011.

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28 Sep 2010Pre-Close Trading Update for the six months ending 30 September 2010

Man Group plc announces the following Trading Update and Funds Under Management Statement ahead of its close period for the six months ending 30 September 2010.

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28 May 2009Preliminary Results for the year ended 31 March 2009

Man Group plc announces the following Preliminary Results for the year ended 31 March 2009.

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27 May 2011Man expands AHL presence to create standalone CTA trading team in Hong Kong

New enlarged AHL team among the first of its kind.

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27 May 2010Results for the financial year ended 31 March 2010

Man Group plc announces the following results for the financial year ended 31 March 2010.

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27 Mar 2008Pre-Close Trading Update and FUM Statement

Man Group plc announces the following Trading Update and Funds Under Management Statement ahead of its close period for the year ending 31 March 2008.

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27 Jul 2007Board changes

Man today announces that following completion of the IPO of MF Global, Harvey McGrath has indicated his wish to retire from the Man Group plc Board at the time of the Group's Interim Results in November 2007.  In order to facilitate an orderly transition, he will stand down as Chairman with effect from 1 September 2007, and Jon Aisbitt, currently an independent non-executive Director of the Company, will become Chairman of the Man Group plc Board at that time.

Also on 1 September, Phillip Colebatch and Patrick O'Sullivan will be joining the Board of the Company as non-executive Directors.

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26 May 2011Results for the financial year ended 31 March 2011

Man announces the following results for the financial year ended 31 March 2011.

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26 Mar 2009Man launches new investment management business

Man has today announced the launch of a new investment management business which unites Man’s scale and expertise in hedge fund investing and shapes its business to address evolving investor requirements for increased transparency, governance and risk management. Building on the strengths of RMF’s infrastructure and disciplined investment process, Glenwood’s proven bottom-up manager selection philosophy and Man’s managed account expertise, the new integrated business will provide transparent access to hedge fund investing through fund of fund portfolios and customised solutions, to deliver a unique and flexible investment offering for both institutional and private investors.

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26 Mar 2009Pre-Close Trading Update and FUM Statement

Man Group plc announces the following Trading Update and Funds Under Management Statement ahead of its close period for the year ending 31 March 2009.

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25 Sep 2009Man Research Laboratory and Oxford-Man Institute of Quantitative Finance expand into new premises

Successful growth of a world leading centre of quantitative research.

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25 Sep 2007Pre-Close Trading Update and Funds Under Management Statement

Man Group plc announces the following Trading Update and Funds Under Management Statement ahead of its close period for the six months ending 30 September 2007.

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25 Mar 2011Man appoints Citi as global shareholder services partner

Man Group plc (“Man”) has finalised the terms of an agreement with Citi Global Transaction Services’ Securities and Fund Services division (“Citi”) to become Man’s global shareholder services partner. Under the terms of the agreement Citi will perform global shareholder and transfer agency services for AHL and Man multi-manager private investor products, which are distributed globally through Man’s network of approved intermediaries and distribution partners.

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24 Mar 2010Pre-close trading update for the financial year ending 31 March 2010

Man Group plc announces the following pre-close trading update for the financial year ending 31 March 2010.

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24 Aug 2010Luke Ellis to become Head of Man’s Multi-Manager business

Man has announced today that Luke Ellis is to become Head of Man’s Multi-Manager business.

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22 Oct 2007Return of Cash - Mechanics and Posting of Circular

At an extraordinary general meeting of Man Group plc held on 9 July 2007, Shareholders approved the disposal by the Man Group of a majority interest in MF Global, the Group''s brokerage division formerly known as Man Financial, by way of an initial public offering and listing on the New York Stock Exchange. The initial public offering was successfully completed on 24 July 2007 at which time the Group disposed of 81.4 per cent. of the total issued share capital of MF Global Ltd. for gross proceeds of US$2.9 billion.

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22 Mar 2011Man sells its interest in BlueCrest

Man Group plc ("Man") has agreed to sell its c.25% interest in BlueCrest to BlueCrest for $633 million. Man’s investment in BlueCrest dates from 2003, and will generate a pre-tax profit on disposal* of around $250 million.

The proceeds of the transaction will add over $500 million to Man’s regulatory capital surplus, previously reported to be around $300 million on 31 December 2010.

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22 Jun 2011Man launches first multi-strategy UCITS fund combining AHL and GLG strategies

Man Group plc (“Man”) has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset manager.

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21 Jul 2009Man Investments' fund makes a strategic investment in 5:15 Capital Management’s flagship product

Man Investments has made a $50 million long-term investment in 5:15 Capital Management’s flagship product through its Hedge Fund Ventures programme.

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20 Mar 2007Man Group plc appoints Kevin Hayes as new Chief Financial Officer

Man Group plc today announces that Kevin Hayes has been appointed Chief Financial Officer, effective 30 March 2007. It is anticipated that Kevin Hayes will join the Board of Man Group plc in due course. Kevin Hayes joins Man Group from Lehman Brothers, where he has served in a variety of senior finance and strategy positions. His current role is Global Director of Process and Productivity based at Lehman’s headquarters in New York, prior to which he served as International CFO with responsibility for Europe and Asia based in London.

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19 Sep 2011Man strengthens investment management operations in Asia

Man Group plc (“Man”) is strengthening its investment management presence in Asia with the appointment of David Mercurio as Head of Asia Equity and co-Head of Global Equity Strategies reporting to Pierre Lagrange. David, who has 17 years of investment experience, joins from the Government of Singapore Investment Corp (GIC), where he was a senior portfolio manager.

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19 Jul 2007Man Group plc announces pricing of $3.8 billion MF Global IPO

Man Group plc today announces that the initial public offering of 97.4 million shares of MF Global Ltd. has been priced at $30 per share raising total gross proceeds of $2.9 billion.  MF Global is the brokerage business of Man Group and was formerly known as Man Financial.  MF Global’s common shares are expected to begin trading today on the New York Stock Exchange under the ticker symbol "MF".

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18 Jul 2011Transfer of Lehman exposure from funds managed by GLG

Man Group ("Man") has entered into a series of transactions to acquire, at current net asset value, all the residual exposure to the Lehman estates from funds managed by its wholly owned subsidiary, GLG Partners LP. These transactions are mainly relevant to GLG’s European Long Short and North American Opportunity strategies.

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18 Jan 2012Trading statement for the nine months to 31 December 2011

This document contains estimates for movements in Man’s funds under management for the three month period to 31 December 2011 and the company’s estimated financial results for the nine month period to 31 December 2011. Final results will be reported on Thursday 1 March 2012.

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18 Jan 2012Noam Gottesman appointed non executive Chairman of GLG (US)

On 17 January 2012, Noam Gottesman, a founding partner and Principal of GLG Partners, Inc., stood down as co-CEO of GLG and has taken on the role of non-executive Chairman of GLG’s business and interests in the US (“GLG (US)”). Manny Roman continues as sole CEO of GLG and Chief Operating Officer of Man Group plc.

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17 May 2010Acquisition of GLG Partners, Inc.

Man Group plc ("Man") is pleased to announce that it has reached agreement on the terms of the recommended acquisition by Man of GLG Partners, Inc ("GLG") (the "Acquisition")

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17 Mar 2011Man makes USD 1 million donation to relief efforts in Japan

Man has made an immediate USD 1 million commitment via its Charitable Trust to relief efforts in Japan. In a response coordinated with its Tokyo office, Man will focus this charitable donation on children impacted by the crisis and has pledged USD 900,000 to Save the Children's Japan Emergency Appeal and USD 100,000 to local children's charities.

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17 Aug 2009Man Investments' RMF GEM invests in Hong Kong-based Minerva macro fund

Man Investments’ seeding fund, RMF Global Emerging Managers, has completed its second incubation deal of the last two months, providing a cornerstone investment of $50 million for Hong Kong’s Minerva Macro Fund.

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15 Oct 2009The 2009 Man Asian Literary Prize - Shortlist Announced

Omair Ahmad, Siddharth Chowdhury, Eric Gamalinda, Nitasha Kaul and Su Tong are today announced as the shortlisted authors for the 2009 Man Asian Literary Prize

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15 Jan 2010Interim management statement

Man Group plc makes the following Interim Management Statement for its third quarter ending 31 December 2009.

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14 Oct 2010Completion of Acquisition of GLG Partners, Inc.

Man Group plc ("Man") and GLG Partners, Inc. ("GLG") are pleased to announce that the recommended acquisition of GLG by Man has been completed today, to create a multi-style, performance-focused alternative asset manager with funds of around $63 billion under management. GLG is now a wholly owned subsidiary of Man.

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14 Jul 2011Chancellor opens Man’s new headquarters in Swan Lane, London

The Chancellor of the Exchequer, Rt Hon George Osborne MP, officially opened the new international headquarters of Man Group plc (‘Man’) today at 2 Swan Lane, London. Man has signed a 20 year lease and relocated 957 employees to the £250m Corporation of London development on the banks of the Thames.

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14 Jan 2009Quarterly Funds Under Management Statement

Man Group plc makes the following Interim Management Statement for its third quarter ending 31 December 2008.

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14 Aug 2009Man Group disposes of its remaining shareholding in MF Global

Man Group plc today announces that its wholly-owned subsidiary, Man Group UK Ltd, has entered into a Variable Forward Sale (“VFS”) Agreement with Nomura International plc (“Nomura”) over its entire remaining stake in MF Global Ltd. (“MF Global”).

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12 Jul 2007AGM and Quarterly Funds Under Management Statement

"Demand for our fund products has remained strong, both from private investors and institutions.  Sales in the three months to 30 June 2007 were $3.8 billion. Group funds under management have increased from $61.7 billion at 31 March 2007 to $67 billion at 30 June 2007.  For the three months ended 30June 2007, overall product performance has continued to be positive, with Man Global Strategies* up 8%, AHL* up 15%, Bayswater* up 4%, RMF* up 6% and Glenwood* up 4%.  The Board remains very confident of the Group's prospects for the year."

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11 Sep 2009Man Investments and Dexion Capital announce the launch of Man AHL Diversity

A world leading trend follower available to UK investors via UCITS III

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11 Jan 2007Quarterly Funds Under Management Statement

Man Group plc makes the following Funds Under Management Statement for the third quarter of its financial year ending 31 March 2007.

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10 Oct 2011Man launches long/short equity fund of hedge funds

Man, one of the world's largest listed hedge fund providers, today announced the launch of Man Long Short Fund, a new long/short equity fund of hedge funds with scheduled monthly liquidity1 in a Registered Investment Company format. Man Investments (USA) LLC serves as the Fund's investment adviser and is part of Man's Multi-Manager Business which has approximately $12.7 billion in funds under management globally as of September 30, 2011.

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10 Oct 2011Man appoints new Non-Executive Director

Man Group plc (“Man”) is pleased to announce the appointment of Nina Shapiro as a non-executive director with immediate effect.

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10 Jul 2008AGM and Quarterly Funds Under Management Statement

"Demand for our fund products has remained strong, both from private investors and institutions, with sales in our first quarter to 30 June 2008 totalling $5.0 billion.  This success in asset raising reflects the Group's broad geographic presence and the continued attraction of conservatively structured alternative investment products. We have also benefited from reduced redemption rates in the quarter which, combined with positive performance across our core investment managers, has increased Group funds under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008.

With the continued expansion of our sales network and our product range, the Board remains confident of the Group's prospects for the year."

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10 Jan 2012Seven novels make Man Asian Literary Prize’s strongest shortlist

An unprecedented seven novels have been shortlisted for the 2011 Man Asian Literary Prize.

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10 Jan 2008Quarterly Funds Under Management Statement

Man Group plc makes the following Funds Under Management Statement for the third quarter of its financial year ending 31 March 2008.

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09 May 2011Man’s AHL UCITS fund range moves to daily dealing

Man Group plc (“Man”) announces that its range of UCITS funds now offers a daily dealing facility.

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09 Jul 2009First quarter interim management statement

Man Group plc announces its first quarter interim management statement.

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09 Feb 2011Man launches first product combining AHL and GLG

Man, a world leading alternative investment manager, today announced the launch of Man IP 220 GLG Ltd1, a product which offers investors access to a combination of Man’s flagship managed futures manager AHL and a broad range of GLG’s discretionary strategies for the first time. The product is the latest addition to Man’s highly successful IP 220 range, the first of which was launched in 1996.

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08 Nov 2007Unaudited Interim Results for the Half Year Ended 30 September 2007

Man has had a very successful first half, in terms of both strategy and financial performance.  Our strategy to focus on investment management was achieved through the IPO of MF Global in July, and the process of returning the cash proceeds to our shareholders will be complete by the end of the year.  We have continued to see growth in our investment management business, expanding our distribution franchise and launching new and innovative products for our investors. Demand for our investment products was strong, generating sales of $8 billion in the first half.  Despite the turmoil in financial markets during the summer, our investors saw nearly $3 billion of positive performance across the period, generating performance fee income up 28%.  Management fees and total earnings per share were both up 17%.

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08 Mar 2011Man awarded BVK managed account mandate

Man has been awarded a managed account mandate for initially EUR 1.2 billion by Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund with more than EUR 50 billion in assets.

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08 Jul 2010First quarter interim management statement

Man Group plc announces its first quarter interim management statement.

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07 Nov 2011Man appoints Yifei Li country chair for China

Man Group plc (“Man”), today announces a significant step in establishing its presence in China, with the appointment of Yifei Li as Country Chair, China. Li has 18 years of senior management experience, having successfully led the expansion of several multinational companies in China.

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07 July 2011Interim management statement for the quarter ended 30 June 2011

Man Group plc announces its Interim management statement for the quarter ended 30 June 2011.

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06 Oct 2009Wolf Hall wins The 2009 Man Booker Prize for Fiction

Bookies’ favourite scoops prize

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06 Nov 2008Unaudited Interim Results for the Half Year Ended 30 September 2008

Sales of $10.2 billion, 28% higher than the equivalent period last year, with 70% of sales to private investors and 30% to institutional investors.

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06 Jun 2008Acquisition of a 25 percent interest in alternative investment manager Nephila Capital

Man Group plc today announces that it has entered into an agreement to acquire a 25 per cent interest in Nephila Capital Ltd for $50m in cash, funded from the Group's existing resources

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06 Jun 2007The University of Oxford and Man Group launch new Institute for Quantitative Finance

The University of Oxford and Man Group plc announced the creation of the Oxford-Man Institute of Quantitative Finance. The Institute is intended to become the world’s leading interdisciplinary academic institute for research in quantitative finance.

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06 Aug 2010Man Group plc recommended acquisition of GLG Partners, inc.

The class 1 circular to be sent to Man Shareholders in connection with the Acquisition (the "Circular") has today been approved by the UK Listing Authority.

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06 Aug 2010Notification of publication of final terms

Man Group plc announces the publication of the final terms.

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06 Aug 2010Man Group plc announces results of exchange offer

 The Company hereby announces the results of the Exchange Offer.

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06 Apr 2010Man awarded USS Managed Account Mandate

Man has been awarded a managed account mandate for up to $1 billion by the Universities Superannuation Scheme Limited (USS), the UK’s second largest private sector pension fund. This mandate was originally referred to in Man Group’s Interim Management Statement dated 15 January 2010.

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05 Nov 2009Interim results for the half year ended 30 september 2009

Man Group plc announces the following Interim Results for the half year ended 30 september 2009.

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05 May 2011Man makes two Board appointments

On 5 May 2011, Man Group plc (“Man”), announces the appointment of Emmanuel Roman, Chief Operating Officer, as an executive director and Matthew Lester as a non-executive director with immediate effect.

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04 Oct 2011GLG Ore Hill raises $200 million for credit mandate

GLG Ore Hill LLC, a credit-focused, event-driven hedge fund and structured product manager based in New York, announced that it has raised $200 million for a large institutional client’s credit mandate. As of September 1, 2011, GLG Ore Hill has $1.7 billion in funds under management which is comprised of institutional assets. GLG Ore Hill invests across the capital structure of highly leveraged companies using a multi-strategy approach and invests opportunistically in event-driven and special situations in distressed, stressed and non-distressed companies. Ben Nickoll and Frederick “Fritz” Wahl are principal officers and the portfolio managers.

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04 Nov 2010Interim results for the half year ended 30 September 2010

Man Group plc announces the following Interim Results for the half year ended 30 September 2010.

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03 Nov 2011Interim results for the six months ended 30 september 2011

Man announces the following Interim Results for the six months ended 30 September 2011.

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03 Nov 2008Unique partnership between University of Oxford and Man Group celebrates successful first year

A pioneering collaboration that brings together the best of the academic and finance worlds has been such a success that the venture has outgrown its premises, just a year after its establishment.

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03 May 2011Japanese fund launch

Man Group plc (“Man”) announces the successful launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised US$1.5 billion. The fund began trading at the end of April 2011.

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02 Nov 2009Man Investments and Credit Suisse announce launch of managed accounts initiative

Man Investments and Credit Suisse have today announced the launch of a managed accounts initiative in response to investors’ increased demands for transparency, liquidity and control. The new initiative brings together Man’s extensive managed accounts platform and portfolio management expertise with access to Credit Suisse’s structured fund linked products capability, to offer institutional investors flexible and secure investment across a broad selection of the best managers globally.

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01 Sep 2010Emmanuel Roman to become Chief Operating Officer of Man

Man is pleased to announce that Emmanuel Roman will assume the newly created role of Chief Operating
Officer following completion of the acquisition.

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01 Dec 2011Man announces Board change

Man Group plc (“Man”) today announces that Ruud Hendriks, a non-executive director, will be appointed as non-executive Chairman of Man’s Institutional Department and will step down from the Board. Ruud’s change of role will be effective from 1 December, 2011.

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