Liquid Alternatives: Man Group Anticipates Higher Demand For Liquid Alternatives This Year

https://dailyalts.com/wp-content/uploads/2023/03/people-luke-ellis.jpg

The stock of Man Group surged after the hedge fund giant declared its results.

Man Group (LON: EMG), one of the largest publicly traded hedge funds, has reported higher pre-tax profit in 2022, up from 2021, and raised its core net revenue by 14%. The UK-based asset manager has said that it expects more demand for liquid alternative strategies this year after delivering positive returns for investors from the strategy in 2022. (MarketWatch)

Man Group is one of the largest liquid alternative providers globally. Approximately 41% of the company’s alternative assets under management have daily or weekly liquidity terms.

“All things being equal, that should naturally lead to more demand in 2023 for liquid alternatives, especially as so many other investments lost money last year, and that’s certainly reflected in the client conversations I’ve had going around the world this year,” Man Group CEO Luke Ellis told analysts on a morning earnings call on Tuesday.

He added that the UK government’s mini-fiscal budget last September was a “perfect manifestation” of the role liquid alternatives can play in an investment portfolio. The rout in the British gilt markets led to billions of pounds of collateral calls on investments into liability-driven investment (LDI) funds by UK pension funds.

The firm’s investment is spread across a variety of systematic and discretionary strategies, including equity long/short, fundamental macro, and credit.

Meanwhile, shareholders will receive a final dividend of 10.1 cents per share for the year.

Related Story: Man Group Reports Alternatives Funds AUM At $77.2B

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…