LONDON, November 3, 2011 /PRNewswire/ --
The world's leading alternative investment management business, Man Group has announced details of a share buy back in conjunction with its interim results for 2011 today. Those results have confirmed the contrasting nature in quarterly performance in the wake of the extraordinary volatility in global financial markets.
In CEO and FD video interviews with financial news website http://www.cantos.com, Man Group's CEO Peter Clarke said however that redemptions in October had returned to more normal levels following a stressful September period and that the benefits of the now fully integrated GLG business were coming through as evidenced by $2bn of cross selling benefits in the six month period.
On the financials, as well as commenting on the share buy back, FD Kevin Hayes confirmed that $50m of cost savings following the GLG acquisition had now been delivered and that an additional $20m of savings had been identified for 2012.
The interviews and transcripts are available now on http://www.cantos.com/company/Man%20Group.
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SOURCE Man Group PLC