The World's Biggest Publicly Traded Hedge Fund Under Siege

Forbes writes: These are tumultuous times for the $2 trillion hedge fund industry. Returns last year were disappointing, regulators and prosecutors in New York and London have been bringing insider-trading cases, and investors have started to pull money out of some funds. The biggest stars of this rich industry, like billionaire John Paulson, have been humbled.

The latest hedge fund titan to stumble is Man Group, the world’s largest publicly-traded hedge fund firm. Man Group, which has $59 billion in assets under management, started the month of May by announcing that in the first quarter of 2012 investors in Man’s hedge funds withdrew $4.1 billion, which netted out to $1 billion of outflows.  At Man Group’s annual meeting of shareholders in London, chief executive Peter Clarke and other executives came under fire from some shareholders for the firm’s plummeting stock, which has tumbled by 23% in 2012 and 56% in the last 12 months. Investors pushed the stock down about 5% on Tuesday….

Find out more at http://www.forbes.com/sites/nathanvardi/2012/05/01/the-worlds-biggest-publicly-traded-hedge-fund-is-under-siege/