Bulletin: Ratings On U.K.-Based Hedge Fund Manager Man Group PLC Unchanged Despite Decline In Assets Under Management Sep 11
- Language: English
- Published: September 2011
- Region: Great Britain, United Kingdom
The ratings on Man Group PLC reflect Standard & Poor's Ratings Services' view of its strong market position in the hedge fund industry and long track record. Man's high fee margins and distribution capabilities are also supportive rating factors in our view. Offsetting these positive factors are Man's weak gross debt service metrics, uneven investment performance, and the complexity of its risk profile relative to traditional asset managers. We note that, prior to the quarter ended March 31, 2011, Man had nine consecutive quarters of net fund outflows. There were net inflows of $3.7 billion for the quarter ended June 30, 2011, but in the most recent quarter ended Sept. 30, 2011, there were net outflows of $2.7 billion due...
Companies mentioned in this report are: Man Group PLC
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