Economy42 minutes ago (Mar 01, 2022 08:36)
LONDON (Reuters) – Hedge fund Man Group cut its investments in Russia in recent weeks and now has ‘negligible’ exposure to Russia and Ukraine across its portfolio, its Chief Financial Officer Antoine Forterre told Reuters on Tuesday.
The London-based fund first cut exposure to the region in its discretionary emerging markets fund in December, he said, before the hedge fund’s other strategies began reducing risk in the last two weeks.
The comments from the active management-focused investment group show how some funds were trying to slash exposure to Ukraine and Russia in the build up to the latter’s invasion.
Man Group separately reported on Tuesday its assets under management rose 20% to a record $148.6 billion in 2021.
Hedge fund Man Group has cut exposure to Russia – CFO
FRANKFURT (Reuters) – Shares in some European banks, which tumbled this week because of their exposure to Russia, recovered some ground on Tuesday but the sector remained volatile…
By Carolyn Cohn LONDON (Reuters) -British asset manager abrdn has only limited exposure to Russian assets and has been cutting its position, its chief executive said on Tuesday….
(Reuters) – Russia’s central bank on Tuesday said it had sold 2.39 trillion roubles ($26 billion) at a “fine-tuning” one-day repo auction, as it scrambles to try and maintain some…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Terms And Conditions
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.