According to the Wall Street Journal Man Group PLC said Thursday that investors poured a net $3.7 billion into its funds in the three months to June 30, in a record quarter for sales at the hedge-fund operator that helped lift assets under management to $71 billion.
Man Group said performance at its funds in the three months shaved $1.1 billion off assets, though, including a 0.6% decline at its $23.9 billion AHL managed-futures strategy. The strategy is 12% down on a "high water mark" of previous gains that must be reached before the company can collect performance fees on most AHL funds…..
Read more at http://online.wsj.com/article/SB10001424052702303365804576431080132524072.html?mod=WSJ_newsreel_business
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