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.
Man Group (LON: EMG), the listed London-headquartered global hedge fund group, reported a strong set of numbers for 2020. Aggregate AUM moved up sharply to a record $123.6 billion as of end-December. Despite the pandemic, Man attracted net investor inflows of $1.8 billion, which reversed 2019’s outflows of $1.3 billion.
Hedge fund Citadel is launching a new office in Zurich. The new space will host its marketing-arm, Citadel Securities, according to the firm. This division is one of the world’s top shops for high-frequency trading.