Man Group expected to fall out of FTSE 100 in June

Man Group looks set to drop out of the FTSE 100 at the next review in June, to be replaced by engineering group Babcock.

Brokers Numis and SocGen are both expecting the troubled asset manager to face relegation at the FTSE All Share annual review on 6 June, while Babcock will move up from the FTSE 250 to the main index.  Man Group, which has a market cap of £1.305bn, has seen its share price take a battering after a tough first quarter in which its AHL strategy underperformed. Numis expects the sterling share class of the BlueCrest BlueTrend hedge fund to enter the FTSE All Share, while Cazenove Absolute Equity will fall out of the FTSE Small Cap and into the Fledgling index. Aberdeen Latin American ...