***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: 2:27 pm - Here are some reasons for investing in Man Fund Hedge Fund.

Friday, March 28, 2008

2:27 pm - Here are some reasons for investing in Man Fund Hedge Fund.

Dear Investors,

This is an interesting article taken from Bloomberg News today. It reports that Man Group continues to perform both for its investors as well as shareholders.
The OM IP Eclipse 3 closes on 4 April. Any questions or if you wish to sign up I will be in the office Saturday morning for the Phillip Currency seminar
11 AM to 12 30. Otherwise just give me or Martin a call. In trading he or she who hesitates will miss the opportunity

The reason Man assets continue to grow is because smart, sophisticated money is moving into Man Hedge Funds. Smart money wishes to profit from world stock market and currency volatility and the instability of the Middle East- witness the 6 USD jump in crude oil yesterday as terrorists blew up a pipeline in Basra Iraq which exports 80 % of Iraq oil. By the way Man funds are long the crude oil futures market. If the US pulls out of Iraq when Bush and his chronies are kicked out in November
expect the Iraq terrorists to create havok. Even Iran may step in to take control. There could be mayhem in the fight for control of the Basra Oil. If you hold Man funds and they hold crude oil futures contract you have the chance to make good returns when stock markets are collapsing.

You will sleep better if you hold some of your wealth in Man
Bill




By Tom Cahill March 27 (Bloomberg) -- Man Group Plc, the world's largestpublicly traded hedge fund manager, said annual earnings willexceed analysts' estimates, helped by rising performance fees. Profit before tax in the year ending March 31 will surpass$1.82 billion, the average estimate of 13 analysts surveyed bythe company, London-based Man Group said today in a statement.Man earned $1.3 billion in the previous 12 months. Man Group's flagship $3 billion AHL Diversified Plc fundrose 23 percent from a year ago, beating the 10 percent gain forthe Credit Suisse/Tremont Hedge Index and boosting fees tied toperformance. Man uses the AHL trading system to manage at least$21 billion in total. Peter Clarke, who took over in April aschief executive officer, said the company is ``extremely wellplaced'' for further growth. ``They've had spectacularly great performance with AHL,''said Jason Streets, head of research at Evolution Group Plc inLondon, who has a ``buy'' recommendation on the shares. ``Theinteresting thing is there's nothing about performanceelsewhere.'' Man Group rose 7 pence, or 1.3 percent, to 552.5 pence by8:30 a.m. in London trading. The stock has declined 2.7 percentthis year, the fourth-best performance in the 60-member BloombergEurope Banks and Financial Services Index.

No comments: