LONDON, November 6 /PRNewswire/ -- Man Group Chief Executive Peter Clarke
said that despite markets the
likes of which no modern generation has witnessed, the company had seen an
'extraordinarily robust outcome' for the interims figures which are released
today.
In a video interview, Peter Clarke told financial website Cantos: "We are
not immune to markets, but sales of US$10 billion for the period, redemptions
broadly unchanged from the prior period, the fact that we managed to maintain
a significant capital surplus and excess liquidity, demonstrated the
adaptability of the business model."
Also speaking to Cantos, Man Group Finance Director Kevin Hayes said
that: "Gross management fees were up about US$1.1 billion, up 13% on the back
of higher funds under management, and gross performance fees were US$207 M,
down about 41%, reflecting the more turbulent market performance that we
had."
It's free to view. All you need to do is register at
http://www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.
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