Grounds for great optimism...9 May 2014 10:31
Excellent news on two fronts imho; continuing to show inflows (carrying on from last results) consolidates the progress made in a very difficult area for MAN Group; after years of outflows achieving this is massive (just look at Aberdeen Asset Management - outflows £8 billion last quarter)and vitally important to company growth.
Secondly, latest NAV shows AHL improving. Significantly, the Evolution arm of AHL is posting consistently better results than the old 'black box' - could it be that the new formula is actually fit for purpose, and if so AHL should be better equipped long term to cope with market volatility?