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 :-)) ?

Mitzy, can you put a 50 & 200 DMA on that graph, otherwise not much to go on?

Man Group, the London-based fund manager, had roughly $350m lodged with Madoff via its RMF operation. Bad luck.

Horlicks is suffering from Mad cow disease poor thing.

still falling sub 100p is my target.

This is interesting because the selloff is presumably as a direct result of the Madoff link. The sp was steadily rising, even in a time when this sector was out of fashion, so the current downside surely must be a kneejerk reaction to the bad news. However "This investment (Madoff losses) represents approximately 1.5% of RMF's funds under management, and 0.5% of funds under management for Man Group as a whole", which in the grand scheme of things is a tiny amount. Even though the stock has gone ex-divi (which I imagine they are regretting now), the drop in the sp seems to unfairly reflect a very small loss via RMF. Maybe it's just another case of confidence being eroded in a shakey sector, or the possibility of more bad news?
I do not currently hold, but sub 200p would seem to be an over reaction & is worth watching, imo.

I agree Harry its a Madoff thing.

I dont hold but am watching for an entry @160p.

Still in a downward trend despite todays rise.

Too many broker downgrades for my liking. Watching, but staying out for the mo.

I agree Harry best to keep an eye on .

Chart is a disaster it may well fall to 100p.

another red day for Man.
I hope everyone is out of these as its going to get nasty.

Additional listing just announced that explains the 10% fall today.

I would be interested to know if anyone owns EMG?
The core AHL business is as strong as ever, and most of the issues have revolved around the FoF business. I understand that all the FoF activities are being taken under one roof, though I am uncertain what the future will hold here.
My parents have lost 200k on this so far! A contact has said now is not the time to sell, but I do not see any immediate upside atm, and immediate gains can be attained elsewhere imo.

YES. GOT IN LATE MARCH 09.The world's largest futures brokers.

I have had a core holding for years But have also bought in and out. Am losing over half my investment atm But will continue to hold as I think there is more upside to come although think it will be some time before that happens. Unfortunately dead money atm, thankfully my holding is miniscule compared to your parents. What about selling some?

I see no reason to sell now (i.e at the bottom of a bear market).
Dividend yield is currently 3.9% & looks to be reasonably safe.
Hedge funds having a reallly hard time at the moment, with more regulation to come, but EMG one of the better ones, imo.

Man Group profit drops 86%, maintains dividend


LONDON (MarketWatch) -- U.K. hedge fund manager Man Group /quotes/comstock/23s!e:emg (UK:EMG 257.50, 0.00, 0.00%) said Thursday that its net profit for the fiscal year ended March 31 fell 86% to $503 million from $3.47 billion. The group said revenue fell 23% to $2.49 billion due to a sharp drop in performance fees. Excluding impairments and amortization charges, pretax profit fell 43% to $1.2 billion. The group said its funds under management at the end of March were $46.8 billion. That figure was $900 million below the level in a pre-close trading update because of a negative performance and the impact of exchange rate moves in the last week of March. Man Group said that since the end of the financial year it has seen strong demand from private investors and that there are signs of stabilization in the hedge fund industry. It added it will keep its final dividend unchanged at 24.8 cents a share.