Canadian Investment Review

Man Group Assets Down

Written by Caroline Cakebread on Wednesday, March 24th, 2010 at 3:38 am

article-1260231-006B3B4E00000258-110_468x286As the hedge fund industry continues its recovery, the world’s largest hedge fund firm reported that its assets are down again this year. Man Group said its assets were US$39.1 billion, down from $42.4 billion in December, as clients pulled out $1.5 billion in the first three months of 2010.┬áThe drop in assets was due mainly to poor performance from its flagship AHL fund. According to Reuters, the firms assets under management stood at $74.6 billion two years ago.

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