Man Group on Thursday predicted that full year pre-tax profits would exceed market expectations of $1.8bn as the world’s largest listed hedge fund manager highlighted higher performance fee income and strong figures at its flagship AHL fund. Man said in a trading update that diluted earnings per share were expected to be up 50% in the year ending March, with funds under management up to around $75bn from $61.7bn last year.

This entry was posted by Gwen Robinson on Friday, March 28th, 2008 at 5:37 and is filed under Hedge funds. Tagged with Man Group. Edit this entry.