Edition:
United Kingdom

Man Group PLC (EMG.L)

EMG.L on London Stock Exchange

138.65GBp
22 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Man Group Intends To Repurchase Up To $100 Mln Of Shares
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Man Group PLC ::INTENTION TO REPURCHASE UP TO $100 MILLION OF SHARES.REPURCHASE TO BE IMPLEMENTED PURSUANT TO AN IRREVOCABLE BUY-BACK PROGRAMME EXPECTED TO LAUNCH IN COMING DAYS.  Full Article

Hedge fund company Man Group Says Mean Gender Pay Gap 21.4 Pct
Friday, 9 Mar 2018 

March 9 (Reuters) - British Hedge Fund Company Man Group ::SAYS MEAN GENDER PAY GAP IS 21.4 PERCENT; MEAN BONUS PAY GAP 67 PERCENT.  Full Article

Man Group adds $2.8 bln in assets in third quarter
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Man Group Plc :‍funds under management (fum) of $103.5 billion at 30 september 2017​.‍30 june 2017: $95.9 billion​.‍net inflows in quarter of $2.8 billion, driven by strong inflows into alternative risk premia and emerging market debt strategies​.‍positive investment movement of $3.3 billion in quarter​.‍positive fx movements of $0.9 billion in quarter, primarily driven by weakening of us dollar against euro and sterling​.‍other movements of positive $0.6 billion​.‍decision to absorb research costs for majority of man's business following mifid ii implementation in january 2018. Estimated 2018 pbt impact is $10-$15 million, including previously highlighted administration costs​.‍intention to repurchase up to $100 million of shares; we will continue to review further potential acquisition opportunities​."‍looking forward we continue to see a decent level of interest from clients, with our normal caveat that flows are likely to be uneven quarter to quarter." - ceo luke ellis​.‍quant alternatives fum increased by 16% to $24.5 billion during quarter​.‍fund of fund alternatives fum increased by $0.6 billion with investment exposure movements partially offset by net outflows​.  Full Article

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Breakingviews - Thruppence: Who wins by sponsoring UK book prize?

LONDON (Reuters Breakingviews) - Man Group’s decision to end its sponsorship of the Booker prize leaves the UK’s prestigious literary award without a backer. The hedge fund manager decided there were more deserving causes for its 1.6 million pound annual cheque. And having a capitalist sponsor caused occasional frictions with left-leaning literati. While its shoes won’t be easy to fill, Breakingviews columnists have drawn up a shortlist of suitable replacements.