Man Group plc
12 July 2007
12 July 2007
AGM and Quarterly Funds Under Management Statement
Harvey McGrath, Chairman of Man Group plc, will make the following comments at
today's Annual General Meeting.
AGM 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 30 June 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.'
First Quarter FUM Statement
Sales for the three months to 30 June 2007 were $3.8 billion. The three months
sales comprised guaranteed products which accounted for $1.0 billion; open-ended
private investor sales for $0.5 billion; and institutional sales for $2.3
billion. Reflecting the level of sales, funds under management have risen and
were $67 billion at 30 June 2007, up from $61.7 billion at 31 March 2007. The
split of funds under management is private investor $40 billion (31 March 2007:
$36.6 billion) and institutional $27 billion (31 March 2007: $25.1 billion).
Redemptions for the three months to 30 June 2007 totalled $2.3 billion, of which
private investor were $1.0 billion. Positive investment movement was around $4
billion with maturities and a small negative FX totalling $0.2 billion.
*As represented by the performance of Man Multi-Strategy Guaranteed Ltd, Athena
Guaranteed Futures Limited, Man Bayswater Macro Class O, RMF Absolute Return
Strategies I and Man-Glenwood Multi-Strategy Fund Limited in the three months to
30 June 2007. All performance figures are estimates except for Athena
Guaranteed Futures Limited.
Enquiries
Man Group plc 020 7144 1000
Peter Clarke
David Browne
Merlin 020 7653 6620
Paul Downes 07900 244888
Lachlan Johnston 07989 304356
About Man Group plc
Man Group plc is a leading global provider of alternative investment products
and solutions as well as one of the world's largest futures brokers. The Group
employs over 4,500 people in 16 countries, with key centres in London,
Pfaeffikon (Switzerland), Chicago and New York. Man Group plc is listed on the
London Stock Exchange (EMG) and is a constituent of the FTSE 100 Index. Further
information on the Man Group can be found at www.mangroupplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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