Outgoing CEO of Man Group Manny Roman has confirmed the company's commitment to keep its headquarters in the UK in the wake of the Brexit vote, in his last trading statement before his move to PIMCO.
In the results for the six months to end of June 2016, a period which Roman said had been "particularly challenging period for the global investment management industry", the group's GLG arm reported a 22% decline in long only funds under management mainly driven by negative investment performance. Overall FUM in GLG declined from $30.5bn at 31 December 2015 to $26bn by 30 June 2015. The long-only strategies declined from $14.2bn to $11.1bn over the six months while the GLG alternatives arm saw FUM decrease from $16.3bn to $14.9bn. Shares in Man Group fell 2.7% in early trading to aro...
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