I'll put it down to luck rather than a good investment decision. Saw the big drop yesterday and decided to buy just before the closing bell. Doubt it will ever happen again in my lifetime so i wont sell for a good while, just to remind me of a time when things did go right.
Good results today, "(ShareCast News) - FTSE 250 hedge fund manager Man Group reported a jump in third-quarter funds under management and announced an agreement to acquire real asset manager Aalto Invest Holding AG. In a trading statement for the quarter ended 30 September, the group said funds under management increased 6% to $80.7bn, with net inflows of $1.3bn, supported by demand from institutional investors. This comprised sales of $6bn and redemptions of $4.7bn."
Should lead to a short reversal of its down trend. Looking cheap on its fundamentals and pays a good dividend. Definite buy.
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