The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
another very good results
LONDON, March 14 (Reuters) - Luke Ellis, the chief executive of hedge fund Man Group, earned $11.3 million last year from his base salary, bonus payment and share grants, the highest of any Man Group head in the last 14 years, the company's annual report released on Tuesday showed.
Man Group, as a public company traded on London's FTSE 100 index, is a rarity among hedge funds. Part of Ellis's performance package tracks the share price over the past three years, which has risen roughly 65% since the start of 2020.
Large investors such as pension schemes and sovereign wealth funds use hedge funds to guard against broader market volatility. In 2020, the S&P fell by over a third and then recovered 40%.
The broader HFRI Composite Index, which tracks the performance of hedge funds, rose by about 12% in 2020, according to data firm Hedge Fund Research (HFR). Over the past three years, the index has posted about an average 9% return.
Over the last three years, Man Group, which uses discretionary and computer led strategies to trade, has taken in $18.7 billion of new client money and made $11.5 billion in investment gains.
In 2008, Peter Clarke, the former CEO of the hedge fund, took home $14 million. (Reporting by Nell Mackenzie; editing by Dhara Ranasinghe and Christina Fincher)
picked up few more at 164p
yes very good results ,could be in the green today
Proactive Investors - The FTSE 100 is expected to extend its losses on Tuesday after the rout in banking shares continued in the US and extended into Asia.
However, more modest falls are expected at the open with spread betting companies calling London’s lead index down by around 20 points.
US President Joe Biden told Americans that the country's banking system was safe and vowed to push for stricter regulations.
"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," Biden said.
and USA markets would rally later
i think all bad news is priced in for now