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Restructuring Basket
Linked to the idea of Crisis and Change (see paragraph above; Creative destruction, demand destruction and the capital cycle) is that of restructuring . Like last year this remains an important theme...
View ArticleUS corporate cash
There is nearly $1t of US corporate cash stashed in foreign (off shore) accounts that cannot find its way back to the USA save repatriation tax. Enamoured by recent deal activity we suspect more of...
View ArticleMan Group: deal game-changer?
This was written by one of our best research/salesmen. It seems quite compelling: “The bear thesis on the stock runs something like this: AUM is shrinking (wrong), AHL is terminally broken (wrong), the...
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Man Group, AHL up 8.5% YTD
We have poor form with this so feel free to ignore us. We mentioned it last week post incorporating their latest acquisition which increases FUM to $70bn from $55bn, and again yesterday post the moves...
View ArticleMan Group, we will never learn…but
I will forgive anyone for ignoring this. Things are eerily similar to a year ago when we turned bullish after meeting “Manny”, AHL showed early form, Japan was rallying and the stock was ramping and so...
View ArticleMan Group: AHL continues to rally
AHL rose another 0.3% last week taking the YTD figure to 11.1%.
View ArticleThe stock we’re too scared to discuss, continues to rally
Man Group. http://www.aviatelive.com/tag/man-group/
View ArticleTrader watch: Man Group, the worst performing short…
The all important AHL fund rose another 1.3% last week taking its YTD performance to 12.7%. That’s quite impressive, especially in the face of the jump in Vol after the Ukraine issue.
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Observation: Man Group
Man Group, the stock everyone wants to hate…keeps making new highs. http://www.aviatelive.com/tag/man-group/
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Man Group: being pushed away from us today
The latest NAV for the flagship AHL fund is 1.2654 – a YTD performance of +14.2%, including 4.9% so far in July. The highest weekly print back at the end of April 2013 was 1.2573, when a significant...
View ArticleMan Group: post the call
The CEO blamed sector rotations and the outperformance of value over growth for the weak GLG l/s results for the half, warning that this may lead to poor net flows in the following quarter. However,...
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