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Summary: Man Group PLC Jan 12 Product Image

Summary: Man Group PLC Jan 12

  • ID: 2039993
  • January 2012
  • Standard & Poors

Abstract
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
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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Man Group PLC

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Note: Product cover images may vary from those shown

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