By Laurence Fletcher
LONDON | Thu Sep 29, 2011 12: 47 BST
LONDON (Reuters) - top executives at the man group shares in the world's largest listed hedge fund manager tear on Thursday, a day after a surge in the client outflows and a reduction in the assets a quarter wiped off its market value.
Man (EMG).(L), which last year bought their business rivals to diversify GLG, surprised markets on Wednesday with news that customers one net had withdrawn $2.6 billion (£ 1.67 billion) in assets in the three months to end September, had much higher than analysts forecast.
In the meantime a total assets on which there fell fees, to $ 65 billion by $71 billion earned.
However, Managing Director, Finance Director Kevin Hayes, Peter Clarke, Chief spent operating Office Emmanuel novel of each 88.100 pounds on 50,000 shares to each 176.2 pence on Thursday.
And non-Executive Director Ruud HENDRIKS spent 177.400 pounds on 100,000 shares of 177.4 pence.
On Thursday, were man's shares by 3.7 percent to 173.5 pence at 1108 GMT.
In a note, the trading statement follows a purchase shares valued broker Numis, said that man's dividend, offers a return of at least 7.8%, expected to be cut.
Citi cut the rating from buy to hold, said man's "lack of forecast earnings momentum" meant that its assessment was not justified.
(Reporting by Laurence Fletcher.) (Editing by Chris Vellacott and will Waterman)
0 komentar:
Posting Komentar