By Laurence Fletcher
LONDON | Wed Sep 28, 2011 09: 31 BST
LONDON (Reuters) - man group that world's largest listed hedge fund manager, said that money moved customers during the summer months at the fastest pace since early 2009 in the midst of "relentless volatility" on world markets, tap the fragile recovery.
One group (EMG).(L) shares were up 21 percent to 5-weeks deep at 189 pence at 0825 GMT on Wednesday to the London listed companies customers pulled a net $2.6 billion (£ 1.66 billion) in the three months to end September said.
"The mood is clearly in the doldrums." We assume that mood remains suppressed... What happens, from here many of major mood on the market are dictated, "said chief executive Peter Clarke journalists in a Conference."
Outflows accelerated in September, and he said that in the last quarter of the worst for the Group since shortly after the collapse of us Investment Bank Lehman Brothers.
Singer of capital markets had expected net outflows analysts of $200 million in the three months to end of September.
Man had enjoyed in the first six months of the year 2011, $ 4.4 billion net subscriptions to two-year repayments.
But investor confidence has deepening debt crisis of the euro and fears of an another global recession driving asset prices lower and push the MSCI World index of stocks has been taken.MIWO00000PUS by almost 15 percent since the end of June.
Clarke said a few large institutional investors each had taken "A few hundred million dollars".
The outflows, coupled with the power loss, end of September of $71 billion helped end of June with the total assets $65 billion.
GLG LOSSES
Man was hit by performance and redemptions from hedge funds of the GLG unit, which it bought last year for $1.6 billion, to diversify their business and increase assets.
In particular, its alpha fell select HF 13.7 per cent in the five months to August, while funds to 12.4 percent was the European opportunity and the emerging markets Fund was 14.7 per cent.
Clarke said the emerging markets Fund of strong market fluctuations, had caught while the other two as market were hit "Foundations were overridden by macro concerns".
According to hedge fund research HFRX index is the average hedge fund 7.78 percent this year after a volatile summer, in which some large, have suffered the name Manager.
His assets increase man's Fund which named computer-driven program saw flagship AHL, after 80 years founder Michael Adam, David Harding, and Martin Lück, $24.9 billion. The Fund that attempts to make money, according to market trends, terms is up 1.5 percent in performance this year.
Man outlets are that a certain disappointment for the industry, as some indicators had shown that the 2 trillion dollar-hedge-fund sector deepening debt crisis, investors could be seen as a protection against the volatility and the eurozone.
Last week, showed the GlobeOp redemption forward indicator, ask a snapshot of the customers money back, only a small increase, that investors were on the whole, sticking with hedge-fund associations by the volatility of the summer.
Earlier this week, Aberdeen Asset Management, which mostly leads to long-only Fund, reported 800 million US dollar net outflows in the two months to the end of August.
(Editing by Sinead cruise and Dan Lalor)
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