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Looking good Morbox ,i could see 220p very soon.
Good entry We could have a recovery tomorrow
(Sharecast News) - Man Group, the world's largest listed hedge fund, posted a jump in assets under management on Thursday.
Updating on third-quarter trading, the firm said AUM had reached $161.2bn as at 30 September, up from £151.7bn at the end of the previous three months.
Net flows were $700m.
Analysts had been expecting net flows of $800m and AUM of $163.5bn, according to Reuters.
Total return products were $39.6bn, up from $29.4bn, after Man benefited from $10.5bn of foreign exchange movements.
It was further boosted by the $183m acquisition of US private credit firm Varagon Capital Partners, which completed at the start of September. Varagon had $11.8bn of assets at the end of 2022.
The numbers are the first to be released under Robyn Grew, who took over as chief executive of the firm last month. Grew is Man's first female chief executive in its 240-year history.
Just added 214.4. Shopping now. So it will probably go down!
H&L getting hit today down 4.5%
Great update but most of increase has come from fx movement - so not likely to keep happening.
L&G getting hit today. I’m sure it’s getting manipulated before Jeremy Hunt budget in November.
Organic or acquisitions? As you say see what 5he market thinks. No going to be a good day anyway! But hey drops are opportunities.
10.5 billion extra AUM in three months ,we will see what the markets thinks.
Assets under management (AUM) of $161.2 billion as at 30 September 2023 (30 June 2023: $151.7 billion).
Could we see FTSE 100 at 8000 around Christmas this year.
Same as you volcano no trading here for me today
FTSE 100 and EMG are recovering ,
JUP effects the price this morning, but i think FTSE 100 should do OK.
FTSE 100 is playing catch up with US ,could we see 100 points turnaround from this morning,
223p and i am happy , US looks good but thinks to do.
Timed buying TW. wrongly, never seem to time it right! Long term in the wife’s ISA so not a big issue I suppose.
I’ve decided to keep my core here and see what happens this week. DIY to do this week, my wife list keeps growing. I keep telling her I’ve sit by my screens, but she’s not buying it!
Small trade at 220p and see what happens
Reuters news article,
As global debt worries mount, is another crisis brewing?
Economy
Published Oct 16, 2023 08:19
New header! Sold my trade yesterday it will pay for 1 bottle of wine (cheap bottle). You’re right Ashmore taking a hit today. Still not sure about my core heading in to the TU, hold, sell, sell half . Got the weekend to think about it. Have a good one all.
Ashmore "ASHM" trading update could efec the price today.
Trading update for nearly ten asset management companies including EMG in the next seven days ,i do follow most of them.
I was out earlier and missed HFD , up 20% on takeover speculation.
Funny you say that I just added TW to my wife’s ISA after xdiv today.
Over forty companies on my watchlist ,i don't know if is good or distraction, but only trade few companies.
This month EMG, ABDN ,TCAP and BNC but most Man group, next should be housebuilders again ,i hope.
The US CPI data out at 13:30.
ABDN has been on my watchlist for years, never held it though. Bernie Ecclestone is having a bad day. You don’t become that rich without being a bit dodgy! Probably got away with lots of other things and thought may as plead guilty on this one.