Man shares slide after 'shocking' update

The world’s largest listed hedge fund, Man Group, today revealed the global financial turmoil had knocked nearly a quarter off interim profits and left assets under management lower than forecast.

Man shares slide after 'shocking' update

The world’s largest listed hedge fund, Man Group, today revealed the global financial turmoil had knocked nearly a quarter off interim profits and left assets under management lower than forecast.

Shares in the group plunged 29% after it posted pre-tax profits down 24% at $622m (€483m), blaming “unprecedented” market turbulence.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited