re buyback23 Jun 2014 18:06
yes, best to have as low a price as possible whilst they repurchase shares. also, as regards the remaining surplus capital after Numeric has been paid for and the buyback has been completed, there should be in the region of $200 million (I think). I would love a special divi., but actually think another acquisition could be far more beneficial to the company in the long run. I have no idea what is available out there, but $200 million could presumably buy in the region of $10 billion-ish FUM. this would then funnel through to the bottom line. Man are completely debt free, so no worries there.