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 :-)) ?

Stairway to heaven :0) As long (bit Irish) any downside continues to bounce of 25DMA this will continue to be a great recovery play.

Certainly a nice looking chart..... hi hopes.,.

Barclays Capital stays equal weight on Man Group, target raised to 215p from 200p.

beautiful one really , though the change will be easy to spot, meanwhile well done longs obviously :)

Ah well. Looks like we all jinxed it! Maybe the usual 'Go away in May' syndrome?

Hmmmmm.,.

The hedge fund manager which sponsors the Booker Prize is facing a major revolt from investors this week over changes to bonus targets for top executives.

http://news.sky.com/story/1478186/booker-prize-sponsor-faces-investor-revolt

Pulled the plug on this one for now whilst in good profit.

They seem to grow the Company by acquisition rather than by internal development, which may slowly dilute value in the longer term - I am not so bullish as I once was with this one. Plus the pension tax changes etc will still have a fund withdrawal pull, over the next year or so I believe. Should be better value to be had in none hedge funds just now ? e.g Aberdeen, Polar, etc

Hmmm....strong bounce from the 200 DMA needed. Yield still pretty decent so am not going to jump ship yet.

Could be long wait harry, if it hits below 140 might get back in.,.

I don't want to put you off, but if it hits the 200 SMA - I may well buy! :-)

And I'll be racing you skinners :0)

Well the last two posts should force a few more sellers! :-)

Yep, if I have got some spare cash so will I. Not sure how well the AHL fund is getting on, so that may be dragging on the sp.

Alright there lads, keeping up the good work I see, he who lives the longest will see the most here!

Nice chart.,.

Only if your 'SHORT'!

Good to see my old friend - "thegrimreaper" back - although I sold out Man shares

StockMarketWire.com
Man Group's funds under management rose by 7% to $78.1bn in the three months to the end of March - up from $72.9bn at the end of December.

The group also announced that Jon Aisbitt intends to step down as chairman and as a director in May 2016 at the company's annual general meeting. A committee of the board, led by the senior independent director, Phillip Colebatch, will identify his successor.

The group said current FUM is estimated at $82.0bn including $2.4bn related to the acquisitions of NewSmith and BAML fund of funds.

Chief executive Manny Roman said: "We had a good start to the year from a performance perspective which, together with the latest acquisitions, contributed to an overall 7% increase in FUM over the quarter. AHL's traditional momentum strategies had a strong first quarter and continue to perform well on a relative basis, returns have improved across GLG's range of strategies and Numeric's strategies continue to outperform their respective benchmarks. We are pleased to have completed the Silvermine, NewSmith and BAML fund of funds acquisitions which help to broaden our product offering and US footprint.

"Our flows in Q1 reflect a natural lag between better investment performance and higher sales. As we have commented previously, our business is now more institutional in nature, with larger individual mandates causing greater variation in flows on a quarterly basis.

"We retain a degree of caution on the outlook for first half flows. As ever, the outlook for the rest of the year will likely depend on performance. Whilst we have a reasonable pipeline of sales, in particular in our quant businesses, recent market volatility reminds us of the uncertain macro environment in which we operate and its potential impact on demand for our products."