Britain's Most Admired No.8: Man Group, Peter Clarke

Wednesday, 26 November 2008

Clarke calls the current turmoil 'the most extraordinary markets any of us have ever seen'...

Even the world's largest listed hedge fund group isn't immune - profits for the six months to September fell 24%. But compared to the battering taken by its rivals, Man is doing pretty well. For starters, more money came in than went out the door: net inflows stood at $4.2bn for the six months to the end of September. Clarke says Man's balance-sheet strength and adaptability will help it to weather the storm.

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