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 :-)) ?

Wednesday January 18

• Analysts have rounded on Man Group (LSE: EMG.L - news) over the past few months cutting their earning forecasts on the company and warning of a further outflow of funds in the three months to the end of December. Earlier this month, JP Morgan Cazenove, Credit Suisse (NYSEArca: CSMA - news) and RBC (MCX: RBCI.ME - news) all downgraded their estimates on the world's largest-listed hedge fund, which will be desperate to convince investors that it can withstand the current economic downturn.

good to see man buying their own shares - no one else wants them lol!!!

however ripe for a t/o soon if this keeps up is the chatter!!!

trading update due tomorrow i believe...............................

Better be good.

i think the red today maybe an indicator of whats coming??? really a flip of the coin but last i knew there is nothing to cheer about unless a t/o approach has been received already!! gl

12 month low 103.10. I don't hold, but I guess they could turn quickly on a reasonable TU?

Or fall 10p on a bad day.

Trading Statement.

18 January 2012

NOAM GOTTESMAN APPOINTED NON EXECUTIVE CHAIRMAN OF GLG (US)

On 17 January 2012, Noam Gottesman, a founding partner and Principal of GLG Partners, Inc., stood down as co-CEO of GLG and has taken on the role of non-executive Chairman of GLG's business and interests in the US ("GLG (US)"). Manny Roman continues as sole CEO of GLG and Chief Operating Officer of Man Group plc.

Jon Aisbitt, Chairman of Man Group, said: "We thank Noam for his contribution in helping to integrate GLG into Man. He has outstanding entrepreneurial talents and market expertise which will continue to be available to Man in his new role as non-executive Chairman of GLG (US)."

Noam Gottesman said: "The first priority following the combination of Man and GLG was to complete the integration of the two businesses. This has now been successfully achieved and therefore I have decided to move to a non-executive role. This will give me the time to develop a portfolio of non-competing business and other interests. I remain fully committed to Man as a significant shareholder in the company and investor in GLG funds."

The fund lock up and share lock up arrangements entered into by Mr Gottesman at the time of Man's acquisition of GLG remain unaltered and the restrictive covenants also remain in place.

StockMarketWire.com
Hedge fund manager Man Group said Funds under Management (FUM) at end- December 2011 were $58.4bn, down from $64.5bn at end-September and $69.1bn at end-March 2011. There was a net outflow of $2.5bn in the quarter.

Sales in the quarter to end-December were $3.1bn and redemptions were $5.6bn, giving a net outflow of $2.5bn.

There were negative investment movements of $1.5bn, with AHL Diversified plc down 7.7% in the quarter, but a positive overall performance at GLG.

FX and other movements were a negative $2.1bn, driven principally by previously announced guaranteed product degears of $1.6bn and FX translation effects of $0.3bn.

Man continues to review operating costs and efficiencies. In addition to the previously announced savings, a further $75m of cost reductions from the 31st December 2011 cost run rate will be implemented by the end of 2012. $50 million of these additional savings are expected to be realised in 2012 and the balance in 2013.

Further details, including any exceptional costs to deliver these savings, will be contained in the final results statement on 1st March. The previously announced savings of $40m relating to outsourcing and reduced finance expense are on track for 2012.

Man said its financial position remains robust, with net tangible assets of $1.6bn, net cash of $600m and total available liquidity resources of $3.2bn. After the repurchase of shares and the payment of the interim dividend, the regulatory capital surplus on 31st December 2011 was around $850m.

As previously announced, the Board expects to propose a final dividend for the three month period to 31st December 2011 of 7.0 cents per share, to give a maintained total dividend, pro-rated for the nine month period, of 16.5 cents per share.

FUM down, yet the sp up 4%, so either the figures are better than expected or expectations were pretty low to start with. I am sure the brokers will be number crunching as I type. Lets hope they start recommending EMG as a 'buy'.

Let the market decide whether they can steer the company .

update not as bad as expected and already factored in - only thing keeping this up is poss. of a t/o and dividend - probably best to hope for is hold from brokers imo

still the day is young yet!!!

Pushed in Motley Fool's lunch time blurb.

Shares Mag article:
"Hedge funds can offer counter-cyclical returns. Quantitative ‘trend following’ hedge fund manager AHL, a part of Man (EMG), has a track record of performing well during bear runs or periods of market dislocation.
The firm’s benchmark product, the AHL Diversified Programme, generated a profit in October 1997 during the peak of the Asian financial crisis. It made money again between August and September 1998 despite the Russian crisis and collapse of Long-Term Capital Management. And it generated positive returns during both the 2000 to 2003 and 2007 to 2009 equity bear markets.
AHL Diversified generated an annualised return of 16% between its inception date, 26th March 1996, and 30 September 2011, according to the fund manager. It uses trading rules, or algorithms, to pick up on trends, both negative and positive, across multiple assets classes and geographies. It takes exposure via futures contracts and uses about 300 di erent such instruments including commodity futures, financial futures and foreign exchange pairs.
The process can be less successful when confronted by rangebound markets. After returning 6.9% in August, when global markets lurched down in the wake of Standard & Poor’s downgrade of the America’s sovereign debt, the hedge fund has since struggled. This is because AHL tends to over-trade in trendless markets, particularly when volatility spikes and prices whipsaw as seen in the third quarter of 2011. But in the long term, the track record of the process speaks for itself."

EMG Man Group Positive bullish Divergence on MACD.......

Long on EMG Man Group.......gulp.

Gone long here.

EMG MAN GROUP......

Good luck with that! 300p any time soon would be good!