The man group sees record sales despite redemption

London-based group, the world's largest listed hedge fund company, announced Thursday that it had "record sales" in the second quarter despite billion in redemption from investors.

The company realized sales of 9 billion dollars with a net inflow of $ 3.7 billion by 5.3 billion dollars in redemption, group Man said in a statement.

The international hedge fund is credited to its recently launched open ended Fund in Japan, which as of 30 June was USD 2.3 billion in assets under management, to help lift sales in 2Q 2011.

The Group was said, however, Japan Fund is 12% below its peak in order to enable the company to earn performance fees.

The man group has currently 71 billion dollars in assets under management from $ 69.1 billion AUM in the first quarter ended March 31.

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The man Group Hires Chief Exec for the United States.

London-based Man Group announced it has hired two chief operating officers in an attempt to expand its business in the United States.

Lance Donen berg and Jordan Allen will be reporting to the COO Emmanuel Roman, Man Group said in a statement Thursday.

Donen berg was previously COO of GLG Partners, focusing on sales and business development in North America and Europe. The man Group acquired GLG last year.

Allen served as COO of ore Hill partners, subsidiaries, overseeing U.S. business.

Besides the two hires said the hiring Tim Gullickson group to assist the Manager their client Advisory Group.

Gullickson, who is based in the Chicago office, will promote human services Midwest-based institutions and funds nationally.

The man has approximately 78.5 billion USD of assets under management at 31 March, making it one of the world's largest hedge fund.

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Carlyle Group to buy 55% stake in Tiger backed down

Private equity firm Carlyle Group has agreed to buy a 55% stake in hedge fund Tiger Management-supported fixed emerging sovereign group.

ESG, a New York-based company that focuses on emerging markets and macroeconomic strategies, agreed to the deal in exchange for cash, an ownership interest in the Carlyle and performance-based contingent payments.

The terms of the deal were not disclosed.

ESG was founded in 2002 by Kevin Kenny with an initial investment of Julian Robertson hedge fund firm Tiger management.

Tiger management will hold a significant investment in RESEARCH funds and an ownership interest in the RESEARCH NOTE after closure.

The deal comes as Carlyle is to add more liquid investments for a possible future public share sale within a year, according to Bloomberg.

Carlyle is the world's second largest venture capital company with 107 billion dollars under management 31 Dec 2010, according to the company's Web site.

Go to the Bloomberg article

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