Morning guys3 Mar 2015 11:00
From 25th feb:
Hedge fund giant Man Group impressed with full year results driven by acquisitions, with surging sales and performance fees from its AHL quant funds.
Assets rose 35% to $72.9bn (£47bn) in 2014, with redemptions from group funds declining 6%. Adjusted profit before tax was up 62% at $481m and adjusted eps up 73% at 24.4 cents.
Gross sales rose 36% to $21.9bn as the AHL Diversified trend-following fund returned 32%, making it one of the best-performing hedge funds in the world over the last 12 months.
AHL Evolution and AHL Currency Fund, both smaller than AHL Diversified, rose 20% and 59% respectively, in what broker Shore Capital described as "a stellar year" for the family of algorithm-driven funds.