I suspect trading tomorrow will probably answer this conundrum, but I know there are some far wiser owls than me that contribute to this bb & I would be interested in their opinions.

My question is this: the chart below looks to me like a pullback of the uptrend (ie when it went north through 14.00) however I am unsure as it has now broken down through 14.00 whether this is trending up or down :-(

So what do you think - up or down, or should I just flip a coin :-)) ?

Seems the results were not quite as good as we had hoped:
LONDON | Thu Jan 20, 2011 8:17am GMT

LONDON (Reuters) - Man Group (EMG.L) saw $1 billion (628 million pounds) of net client outflows in its third quarter, confounding hopes that its recent purchase of rival GLG would reverse the fortunes of the world's largest listed hedge fund manager.

It was the ninth straight quarter of client outflows for Man, which has seen clients pull out their money even as rivals have won back investors.

Analysts had expected net inflows of between $550 million and $900 million for the three months to end-December, the third quarter in Man Group's financial year.

The outflow was largely due to a single redemption of more than $1 billion from a low margin mandate by one investor who had switched out of European equities, Man said on Thursday, while there were some inflows into GLG's hedge funds.

Man bought GLG last year for $1.6 billion to boost assets and become less dependent on computer-driven funds, and is incorporating the flows into its figures for the first time.

Total assets for the combined company rose to $68.6 billion -- around the level that Man was running before the collapse of Lehman Brothers and Man's subsequent performance losses.

Man said its flagship AHL fund, a $21.9 billion "black box" fund named after 1980s founders Michael Adam, David Harding and Martin Lueck, rose 14.8 percent last year, taking it to 3.7 percent below its peak -- the point above which it can earn lucrative performance fees.

Clients pulled out hundreds of billions of dollars from hedge funds during the credit crisis.

But they have been returning to these free-wheeling portfolios for the past 18 months, investing a net $13.1 billion in the last quarter of 2010, according to Hedge Fund Research."

Aye fraid so stopped out -15.9

StockMarketWire.com
Man Group started with buy rating at Nomura, target price 380p.

Aye right! Got a limit buy in @392.0 not holding my breath :O)

392p????? A tad optimistic! Also I suggest a sell limit at that price. Not trying to teach ..........but.....! ;o)

My thinking Harry FWIW, is at the moment it's going up on very low volume, if it crosses above the 50DMA hopefully it will attract more interest and carry on north. I can dream :O)

Erm...............392..............?????? You've got a long wait!!!!!

Sorry I do tend to make this mistake an awful lot these days, DEMENTIA! 292.0 Dohhhh!

Stop moved to 302.0 to lock in +10, looked promising early doors, still could be tomorow.

Stopped out +10. Sell order @ 297.0

StockMarketWire.com
Man Group cut to hold from buy at Espirito Santo Execution Noble, TP 315p

Possibly a wee bit premature, out @ 286.0 +11

Hmm......looks like the AHL side of things are struggling again, so may ditch my stock on the third bounce to 310p.

Man Group has been awarded a managed account mandate for initially EUR 1.2 billion by Bayerische Versorgungskammer (BVK), Germany's largest public pension fund with more than EUR 50 billion in assets.

Under the agreement, BVK will start allocating funds over the course of 2011. BVK will gain access to Man's managed account capabilities, with the benefits of increased transparency, liquidity and control which managed accounts offer. Man, which has more than a decade's experience in managed accounts and has grown managed account assets to over USD 8.7 billion (as at 31 January 2011) , will provide services with regards to operational due diligence, manager take-on and risk management oversight for BVK. Bayerische Versorgungskammer will have sole discretion for manager selection and portfolio construction.

StockMarketWire.com
Man Group upgraded to hold from sell at RBS

Man Group plc has agreed to sell its c.25% interest in BlueCrest to BlueCrest for $633 million. Man's investment in BlueCrest dates from 2003, and will generate a pre-tax profit on disposal* of around $250 million.

The proceeds of the transaction will add over $500 million to Man's regulatory capital surplus, previously reported to be around $300 million on 31 December 2010.

Peter Clarke, Chief Executive of Man, said:
"The sale of our minority interest in BlueCrest is part of our strategic focus on Man's internal investment management capabilities. We have had a long and successful relationship with BlueCrest and this transaction crystallises a significant profit for shareholders on our original investment. It also generates substantial cash and regulatory capital resources, further enhances our strong financial position and allows us to continue developing our core investment business, attracting assets and building on our leading global franchise."

StockMarketWire.com
Hedge fund manager Man Group said this morning that Funds under Management (FUM) at 31st March 2011 are currently estimated at $69bn (2010: $68.6bn).

Q4 is expected to see net inflows of approximately $0.7bn, reflecting $5.3bn sales (predominantly in open ended alternatives and long only) and $4.6bn redemptions.

Investment movement was flat across the firm in January and February, with positive performance at GLG counterbalancing a negative period for AHL; performance turned sharply down with markets after the Japanese earthquake but has since partially recovered.

Man said good progress was made on strategic objectives: integration of GLG; sale of BlueCrest stake; significant Multi-Manager mandate win.

A definitive agreement was reached to acquire the remaining 50% of Ore Hill and integrate into GLG.

Statutory profit before tax from continuing operations is an estimated $280m including the impairment of Multi-Manager goodwill (2010: $541m); adjusted profit before tax estimated at $560m (2010: $560m).

Diluted statutory EPS from continuing operations is an estimated 7.5 cents per share (2010: 24.8 cents per share); adjusted EPS is an estimated 24 cents per share (2010: 25.5 cents per share).

Man said the financial position remains strong; regulatory capital surplus of around $350m increases to around $850m with BlueCrest proceeds; net cash including the BlueCrest proceeds of $900m.

Left a Buy order @ 252.5 more in hope than expectation. Would like to think when shorters have had enough that SP has to get a wriggle on but not holding my breath.

3 Broker Upgrades To Buy Today, Is That Good News? Hmmm we'll see.

APRIL IS ALWAYS GOOD FOR MAN. IN HOPE.in at 246.5p