The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That's what i'm thinking :)
Yep, that makes more sense.
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...
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?
hxxp://www.computerweekly.com/news/2240238397/Case-study-Hedge-fund-AHL-Man-Group-uses-MongoDB-to-feed-quants-with-data Case study: Hedge fund AHL Man Group uses MongoDB to feed quants with data Brian McKenna Wednesday 21 January 2015 15:45 Hedge fund AHL Man Group has replaced a range of disparate relational databases with a single data platform built on NoSQL database MongoDB for financial market data. While the average person might have a view of a trading floor as a cacophonous bear-pit full of aggressive men in red braces, the environment at AHL, says Gary Collier, co-CTO at the group, is “quiet and civilised”. There work the quantitative analysts – “quants” – whose job it is to devise models that can then feed algorithmic trading systems. stocks-shares-290px.jpg Getty Images/iStockphoto “We’ve changed the working model by which those researchers get new sources. It is now more of a self-service model for our users. Only a few years back, onboarding new data sources would have been met with a sharp intake of breath around lead times,” says Collier. “A lot of the data is now onboarded by users.” The hedge fund has a “beefy compute cluster”, he says, “which was previously constrained by speed of data access”. “We can now saturate the network and it is no longer a bottleneck,” adds Collier. Interfacing with Python in MongoDB is very slick Gary Collier, AHL Man Group In 2012, Collier and his team of around 40 technologists took a hard look at their data management and analytics environment. “We needed quick access to historical, financial and other types of data to draw it into a research environment where the quants, and others, can run analytics on it, and devise trading models,” he says. There was, at that time, a range of computing languages in use at analyst level, including R and Matlab. Collier and his technology team decided to standardise on Python and, serendipitously, have found that their most recent data technology choice of MongoDB as a data store works well with it. “Interfacing with Python in MongoDB is very slick,” says Collier. When they had standardised on Python, in 2012, he says they were in a position to then tackle the historical data held in different forms of proprietary databases. “Essentially, we had a broad landscape of data storage technology which wasn’t great for onboarding new things. Performance wasn’t good and there were lots of moving parts,” he says. That led to the search for a new data store. The team completed a proof of concept with MongoDB at the end of 2013, then hit a 30 May deadline in 2014, obviating the need to relicense the technology they had been using before, which Collier declined to name. An immediate financial benefit was a 40 times reduction in licensing costs
Well we now have the answer to my question. Well done MAN!!!!!
edging ever closer unofficial guide as of fri jan 3. Man was ranked 125th at £2.8billion automatic entry is at 90th held by G4s worth £4.2 billion 100th to 110th your in the promotion zone 100th tullow oil at£3.7billion and 110th is invest tec securities(or what ever it's called!)at £3.3billion so at 185 we should be in the shuffle zone where on a quartley basis 3 get promoted to the ftse100 and 3 leave 206 were worth £3.6bln and by my reckoning we should sneak in at 220 when we worth around 3.9bln ( June maybe ???? Fingers crossed )
hTTp://www.standard.co.uk/business/markets/jim-armitage-the-hedge-funds-who-made-a-killing-betting-against-oil-9995827.html?origin=internalSearch Hedge-fund tycoons aren’t known for their shy, retiring manner. So it was that, when Zach Schreiber told investors eight months ago that the oil price was about to collapse, he declared: “If you are long, I’m sorry for you,” before slapping a slide up on his PowerPoint showing a car full of clowns. Being “long” on oil — in other words, having a bet that the price would rise — has proved the most disastrous bet since sub-prime mortgages. Schreiber’s hunch that he should bet on a fall in crude prices made his fund $1 billion (£659.7 million) and counting. The names of other big winners are now starting to emerge. Word in Mayfair is that the chaps at Man Group’s AHL Diversified fund have been quietly making out like bandits on the collapsing price of crude. Sandy Rattray, who took a double-first from Cambridge, has overseen a strategy there that’s pulled in hundreds of millions of dollars for the fund, largely due to the oil-price plunge. The ski fanatic (ex-Goldman Sachs, of course) would defer credit to the genius of AHL’s “black box” — a secret algorithm that triggers automatic trades according to trends in the markets. But these black boxes are still run by humans, albeit the highly intelligent type you find in the kitchen at parties. The AHL black box took a short position on oil after spotting price patterns in the markets last summer. By October, the move had started making a real killing. The Diversified fund, which benefited from a bunch of other market positions too, gained 34% last year and is already up another 5% in 2015. Similar trend-spotting funds down Mayfair’s hedge-fund alley have been hitting paydirt, too. Last night, within hours of each other, the boss of Opec, Abdalla El-Badri, told Davos oil prices would begin recovering within a month, while BP head Bob Dudley predicted that they’d stay low for three years. My bet’s with the lanky American. But what I’d give to know exactly what Rattray’s black box reckons. The human factor While the black-box funds are brilliant at spotting patterns, they can be pretty hopeless when homo sapiens intervene. So it was that many took a bath when the Swiss National Bank whipped away the franc’s cap on the euro last week. Thursday's action by the European Central Bank could see some hedge-fund algorithms lose the plot. For, as one hedgie explains, algorithms are great at spotting what should happen, but when it comes to predicting politics, humans win every time.
Make that 3.09 billion.
Just to add, now has a market cap of 3.9 billion getting very close to automatic promotion to FTSE 100 again. GL All Bob
Man Group surged above a buoyant market and hit its highest level in more than three years on hopes the hedge fund business would return cash to investors. Shares in the FTSE 250 company leapt 10.6p - 6.6pc - to 172.1p, their best close since September 2011, after analysts at Morgan Stanley told clients the company was likely to launch a stock buyback. “We think [market] consensus underestimates 2014 performance fees and associated capital return potential,” they said. For 2014, Man could generate about $275m (£182m) in fees, before tax, significantly higher than the $215m expected by the market and boosted by the robust performance of its flagship AHL fund, the analysts forecast. As a result, the hedge fund would be in a position to return $220m to investors through a buyback programme. The cash return, alongside the dividend, would give Man shares a yield of about 9pc, well above the 4pc to 5pc average of its European peers, Morgan Stanley forecast. http://www.telegraph.co.uk/finance/markets/marketreport/11361492/Man-boosted-by-buyback-hopes.html
(Greedy-Me) Yey! (Fearful-Me) sell half tomorrow! (voice in the mains socket) what the hell was that....?
let's hope we can consolidate at this level & continue our steady move upwards.
From Stockopedia EMG's Full year earnings for 2014 are due to be announced Wednesday 25th February
nice morning everyone!
167 be nice to close at this.?
Big test - already at 166.6 as i write - not sure its gonna hold above 165 but hope so.
This share never reacted well to stimulus in the past, screwed up those dodgy AHL algos, anyone know if Manny has turned that around more recently? I guess AHL isn't so crucial to EMGs overall perf these days. Ta.