Managed futures trend follower MAN GROUP PLC (OTCMKTS:MNGPF), one of the world’s largest hedge funds, reported performance that beat estimates. “At 7.9c (per share), the dividend will be ahead of most expectations we believe, while the company has announced its intention to repurchase $115m of its shares,” a JPMorgan Chase & Co. (NYSE:JPM) report noted. JPMorgan Chase & Co. (NYSE:JPM) retains a cautious outlook of the trend follower among what have been some of the worst managed futures market environments in history. JPMorgan said this “is prudent in our view given the indifferent performance of AHL since year end. While there…
Trend Follower Man Group Plc Beats Estimates
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.