, Columnist
Hedge Fund Titan Can't Stop the Tears From Flowing
Man Group shows the outlook for its industry is not improving. Inflows are declining and investors would be right to worry about another bad year.
The world's biggest publicly traded hedge fund has just delivered its outlook for the industry. It isn't happy reading.
Photographer: Waring Abbott/Michael Ochs ArchivesThis article is for subscribers only.
As the world’s biggest publicly traded hedge fund, Man Group Plc is a bellwether for that beleaguered sector of the asset management industry. The outlook isn’t improving.
The modest decline in assets-under-management that Man reported on Friday for 2018 as a whole masks a sharper contraction in the final three months. The total declined to $108.5 billion by the end of December from $114.1 billion in the third quarter.