Man Group raises $1.5bn
Man Group on Tuesday said it has raised $1.5bn from Japanese investors for an open-ended AHL fund that has only been taking subscriptions for about a month, in an encouraging sign for analysts who have been concerned about how AHL's recent spell of choppy performance might hit sales.
Man Group Plc, the listed UK hedge fund manager, said on Thursday that pretax profits rose sharply in the full year to March 31, boosted by a 161 percent spike in performance fees.