Man Group (EMG)

Sector:

Financials

Index:

FTSE 250

133.20p
   
  • Change Today:
    -0.85p
  • 52 Week High: 175.15
  • 52 Week Low: 96.44
  • Currency: UK Pounds
  • Shares Issued: 1,478.88m
  • Volume: 2,286,933
  • Market Cap: £1,969.87m
  • RiskGrade: 187

Man Group posts rise in profits amid strong performance fees

By Michele Maatouk

Date: Friday 28 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Hedge fund manager Man Group said on Friday that profits rose in 2019 thanks in part to strong performance fees.
In the year to the end of December 2019, adjusted pre-tax profit rose 54% to $386m (?297m), reflecting higher performance fees and seed investment gains in the year, partially offset by a decline in net management fees. Adjusted performance fee pre-tax profit surged 529% to $214m.

Funds under management increased to $117.7bn from $108.5bn in 2018, "as strong absolute investment performance more than offset net outflows".

The company recorded net outflows of $1.3bn versus net inflows of $10.8bn the year before.

Man Group said that following the equity market selloff at the end of 2018, 2019 was characterised by a "more supportive" market backdrop for most asset classes. This led to a positive performance across its long-only strategies as well as a strong absolute performance from its quant alternative strategies.

Chief executive Luke Ellis said: "Over the course of the year, we saw continued inflows into our alternative strategies, although overall we recorded a small outflow as our clients reduced their equity allocations. In the fourth quarter, we returned to net inflows and that momentum has continued into this year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Man Group Market Data

Currency UK Pounds
Share Price 133.20p
Change Today -0.85p
% Change -0.63 %
52 Week High 175.15
52 Week Low 96.44
Volume 2,286,933
Shares Issued 1,478.88m
Market Cap £1,969.87m
RiskGrade 187

Man Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.99% above the market average47.99% above the market average47.99% above the market average47.99% above the market average47.99% above the market average
11.45% above the sector average11.45% above the sector average11.45% above the sector average11.45% above the sector average11.45% above the sector average
Price Trend
15% below the market average15% below the market average15% below the market average15% below the market average15% below the market average
5.63% below the sector average5.63% below the sector average5.63% below the sector average5.63% below the sector average5.63% below the sector average
Income
84.37% above the market average84.37% above the market average84.37% above the market average84.37% above the market average84.37% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Growth
38.56% above the market average38.56% above the market average38.56% above the market average38.56% above the market average38.56% above the market average
25.42% above the sector average25.42% above the sector average25.42% above the sector average25.42% above the sector average25.42% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 7
Sell 1
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Man Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Apr-20 08-Aug-19
Paid 15-May-20 04-Sep-19
Amount 5.10¢ 4.70¢

Trades for 07-Jul-2020

Time Volume / Share Price
16:35 693,162 @ 133.20p
16:29 281 @ 133.20p
16:29 2,803 @ 133.10p
16:29 1,280 @ 133.10p
16:29 624 @ 133.20p

Man Group Key Personnel

Chair John Cryan
CEO Luke Ellis
CFO Mark Jones

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