Man Group

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

Reports that China is eyeing a fresh round of stimulus to boost growth in the country helped lift European stocks out of the doldrums Monday.

Man Group is to acquire hedge fund research and investment group FRM Holdings, rebranding its multi-manager business with the FRM tag.

Today's biggest loser on the FTSE 100 - Man Group - has continued its slide this afternoon, falling over 6% after warning of losses of $1bn from its funds this quarter.

Man Group has reported net outflows of $1bn in the first quarter, down from $2.5bn in the fourth quarter of 2011, as its flagship AHL product continues to impact on funds under management.

Man Group shares soared in morning trading despite the group reporting a 40% fall in pre-tax profits for the nine months ended 31 December 2011.

Jupiter Financial Opportunities manager Guy de Blonay has said his purchase of Man Group was a "mistake" and he has sold down the position.

HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'

Man Group's shares rose nearly 3% this morning after it reported pre-tax profit of $154m for the six months to 30 September 2011, ahead of the amount it forecast earlier this summer.

The disparity of returns between hedge funds in September was the highest ever seen by Luke Ellis, head of Man's multi-manager unit and a veteran of the fund of hedge funds business.