hTTps://www.man.com/GB/shareholder-summary-performance AHL Diversified Programme1 Estimate 23 Jan 2015 1.5915 UP 1.8 % IN A SINGLE DAY..... WTFFFFF!!! Alpha +1.3% Evolution +1.4% Dimension +0.6% MAN GLG Europe Plus Strategy +1.9% Need i say more....
Stop the press - we just hit the Numis target of 177p!! Oh wait, their target is 77p (Nov 10th 2014). Probably forgot to add on that extra pound...
Sidam - re ceilings
Looks as tho your resistance levels of 164 & 168 have been well & truly smashed & that my break-even of 200 will soon be old history as well. Well done to all that have held through all the years of gut-churning & headaches on this share.
Man Group shares soar as hedge fund giant makes a mint on SNB euro cap reversal The Man Group, which is the world's largest hedge fund firm with $73.3bn (£48.9bn, €65.2bn) in assets under management, saw its stock price rose by over 2.5% as of 1110 GMT on 23 January to 176.04p straight after the news was released. The SNB revealed on 15 January that it would no longer cap the Swiss franc's value against the euro, sending the currency soaring as much as 30% in a chaotic day of trading. Some FX and spread betting outfits, such as Alpari UK, fell into insolvency only a day later. Investment banks, such as Barclays also lost out on "tens of millions" of dollars on the shock SNB decision too. However the large shifts in FX rates meant that there were winners in the market too. The data allegedly shows that Man's AHL Currency fund gained another 4% to its returns from the beginning of the year to 16 January, partly helped by the Swiss franc volatility, after already receiving a 58% boost in 2014. Man's $2.8bn AHL Alpha fund rose 2.9%, the $4.4bn AHL Diversified fund by 4.5%, while the $4bn AHL Evolution fund returned 5.7%. HTTP://www.ibtimes.co.uk/man-group-shares-soar-hedge-fund-giant-makes-mint-snb-euro-cap-reversal-1484831
I know there are very optimistic people, any views of a price target in the short/medium term?
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