Man Group plc (EMG) 2009年年度报告「LSE」.pdf

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1、PerformanceAdaptabilityGlobal ScaleAnnual Report2009Man Group plc Annual Report 2009Man Group offers a broad range of robust alternative investment products to private investors and institutions,worldwide.Strong longterm performance and our 20+year track record are key to attracting and retaining th

2、ese investors.The defining objectives of alternative investments are:Absolute return the pursuit of a positive return regardless of whether asset prices are rising or falling;andLow correlation with other asset classes such as equities and bonds.The 2008/9 financial year was an extremely difficult p

3、eriod for the alternative investment management industry,with the benchmark HFRI Fund Weighted Composite Index down 15%.While this clearly represents a failure to deliver absolute return,alternative investments nevertheless outperformed equities,which were down nearly 40%.While Mans results show tha

4、t we are far from immune to market turbulence,the majority of our investors saw significant outperformance because of our weighting towards managed futures.AHL,our largest fund,was up 8%during the 2008/9 financial year.Mans expertise lies in investment management,risk management,product structuring,

5、global asset gathering and investor services.We earn fee income linked to our funds under management,and additional fees when these funds outperform.During 2009,we will reinforce our leadership in hedge fund investing with the launch of an integrated hedge fund management business to improve perform

6、ance,adapt to changing investor demands and leverage our global scale.The front page depicts the cities of our principal offices,from left to right:MiamiTorontoNew YorkChicagoRotterdamDublinLondon ZurichDubaiSingaporeHong KongTokyoSHead OfficeLondonMan Group plcSugar QuayLower Thames StreetLondon EC