Latest news with #ManGroup
Yahoo
15 hours ago
- Business
- Yahoo
World's Largest Publicly Traded Hedge Fund Enters ETF Space
Man Group, the world's largest publicly traded hedge fund manager, filed a preliminary prospectus for two active fixed-income ETFs, marking the London-based firm's first entry into exchange-traded fund distribution as alternative managers increasingly turn to ETFs for access to complex strategies. According to the June 13 filing with the Securities and Exchange Commission, the Man Active High Yield ETF and Man Active Income ETF will use active bond strategies, including derivatives, high-yield bonds, emerging markets exposure and illiquid credit investments—bringing institutional-grade bond management to everyday investors through ETFs. The move represents more than just another ETF launch in an already crowded marketplace. It signals how ETFs are evolving from their origins as simple baskets for broad market exposure into ways to deliver complex investment strategies once available only to hedge funds and large institutional investors. The Man Active High Yield ETF will invest at least 80% of net assets in high-yield securities rated below investment grade, according to the filing. The fund may invest up to 30% in securities rated below B3 by Moody's Investors Service or lower than B- by S&P Global Ratings or Fitch Ratings. The Man Active Income ETF seeks to generate current income as its primary objective, with capital growth as a secondary objective, according to the filing. The fund will invest across four primary sectors: high-yield corporate debt, investment-grade corporate debt, government and agency debt, and securitized debt. The filing reflects how ETFs have evolved from simple, index-tracking funds into vehicles for active strategies. For newer investors, this opens access to institutional-grade tools they couldn't reach before, but it also brings complexity. The filing reveals active bond management approaches from a firm known for its expertise in hedge funds. The strategies may invest in distressed securities, contingent convertible bonds and bank loans with extended settlement periods, according to the filing. Both funds are non-diversified and may use derivatives for hedging and return enhancement, including futures, options, swaps and credit-linked notes, according to the filing. GLG Partners LP serves as sub-adviser with portfolio managers Michael Scott overseeing the High Yield ETF and Jonathan Golan managing the Income ETF. Man Group reported $172.6 billion in assets under management as of March 31, according to its April trading statement. The firm saw $3.6 billion in net inflows during the first quarter despite geopolitical and economic | © Copyright 2025 All rights reserved
Yahoo
a day ago
- Business
- Yahoo
UK Dividend Stocks: Livermore Investments Group And 2 More Top Picks
As the UK market grapples with the ripple effects of weak trade data from China, reflected in recent declines in the FTSE 100 and FTSE 250 indices, investors are increasingly focused on stability and income generation. In this environment, dividend stocks like Livermore Investments Group offer potential appeal by providing a steady income stream amidst broader market volatility. Name Dividend Yield Dividend Rating WPP (LSE:WPP) 7.62% ★★★★★★ Treatt (LSE:TET) 3.23% ★★★★★☆ OSB Group (LSE:OSB) 6.82% ★★★★★☆ NWF Group (AIM:NWF) 4.78% ★★★★★☆ Man Group (LSE:EMG) 9.71% ★★★★★☆ Keller Group (LSE:KLR) 3.42% ★★★★★☆ James Latham (AIM:LTHM) 6.90% ★★★★★☆ Grafton Group (LSE:GFTU) 3.78% ★★★★★☆ Dunelm Group (LSE:DNLM) 6.71% ★★★★★☆ 4imprint Group (LSE:FOUR) 5.06% ★★★★★☆ Click here to see the full list of 62 stocks from our Top UK Dividend Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Livermore Investments Group Limited is a publicly owned investment manager with a market cap of £79.54 million. Operations: Livermore Investments Group Limited generates revenue of $12.91 million from its equity and debt instruments investment activities. Dividend Yield: 6.5% Livermore Investments Group's dividend yield of 6.53% is attractive, ranking in the top 25% of UK dividend payers. However, its dividends have been volatile over the past decade and are not well covered by earnings due to a high payout ratio of 106.2%. Despite this, cash flows cover dividends with a cash payout ratio of 39.9%. Recent earnings showed a decline to US$6.59 million from US$13.89 million last year, impacting sustainability concerns. Navigate through the intricacies of Livermore Investments Group with our comprehensive dividend report here. The analysis detailed in our Livermore Investments Group valuation report hints at an inflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment with a market cap of £134 million. Operations: Somero Enterprises generates revenue of $109.15 million from its construction machinery and equipment segment. Dividend Yield: 6.4% Somero Enterprises offers a compelling dividend yield of 6.36%, placing it among the top UK dividend payers. Its dividends are supported by earnings and cash flows, with payout ratios of 50.1% and 75.6%, respectively, though its track record has been volatile over the past decade. Recent leadership changes include appointing Timothy Averkamp as CEO and Robert Scheuer as Non-Executive Chairman, potentially influencing future stability and strategic direction amid reaffirmed guidance for 2025 financials. Dive into the specifics of Somero Enterprises here with our thorough dividend report. The analysis detailed in our Somero Enterprises valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Dunelm Group plc operates as a retailer of homewares in the United Kingdom with a market capitalization of approximately £2.35 billion. Operations: Dunelm Group plc generates its revenue primarily from the retail of homewares, amounting to £1.73 billion. Dividend Yield: 6.7% Dunelm Group's dividend yield of 6.71% ranks it in the top 25% of UK dividend payers, supported by earnings and cash flows with payout ratios of 58.6% and 52.6%, respectively. Despite a history of volatile dividends over the past decade, recent sales updates show £462 million for thirteen weeks ending March 2025, with full-year profit guidance aligning with consensus. The appointment of Katharine Poulter as Non-Executive Director may enhance governance and strategic oversight. Click to explore a detailed breakdown of our findings in Dunelm Group's dividend report. Upon reviewing our latest valuation report, Dunelm Group's share price might be too pessimistic. Access the full spectrum of 62 Top UK Dividend Stocks by clicking on this link. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:LIV AIM:SOM and LSE:DNLM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
3 Top UK Dividend Stocks To Consider
In recent weeks, the UK market has faced challenges, with the FTSE 100 index experiencing declines due to weak trade data from China and global economic uncertainties. As investors navigate these turbulent times, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking resilience amidst market volatility. Name Dividend Yield Dividend Rating WPP (LSE:WPP) 7.21% ★★★★★★ Treatt (LSE:TET) 3.10% ★★★★★☆ OSB Group (LSE:OSB) 6.74% ★★★★★☆ NWF Group (AIM:NWF) 4.76% ★★★★★☆ Man Group (LSE:EMG) 7.28% ★★★★★☆ Keller Group (LSE:KLR) 3.25% ★★★★★☆ James Latham (AIM:LTHM) 6.87% ★★★★★☆ Grafton Group (LSE:GFTU) 3.67% ★★★★★☆ Dunelm Group (LSE:DNLM) 6.66% ★★★★★☆ 4imprint Group (LSE:FOUR) 4.96% ★★★★★☆ Click here to see the full list of 60 stocks from our Top UK Dividend Stocks screener. We'll examine a selection from our screener results. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Begbies Traynor Group plc offers professional services to businesses, advisors, corporations, and financial institutions in the UK, with a market cap of £173.09 million. Operations: Begbies Traynor Group plc generates revenue from its Property Advisory segment, contributing £44.96 million, and its Business Recovery and Advisory segment, which brings in £102.18 million. Dividend Yield: 3.8% Begbies Traynor Group has demonstrated reliable dividend payments over the past decade, although its current 3.78% yield is below the UK market's top tier. The company's dividends are not well covered by earnings, indicated by a high payout ratio of 265.4%, but they are supported by cash flows with a reasonable cash payout ratio of 72.7%. Recent guidance suggests revenue growth to approximately £153 million for FY2025, reflecting ongoing business expansion. Unlock comprehensive insights into our analysis of Begbies Traynor Group stock in this dividend report. Our expertly prepared valuation report Begbies Traynor Group implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Morgan Sindall Group plc is a UK-based construction and regeneration company with a market cap of £1.80 billion. Operations: Morgan Sindall Group plc generates revenue through several key segments: Fit Out (£1.30 billion), Construction (£1.04 billion), Infrastructure (£1.05 billion), Property Services (£223.20 million), Partnership Housing (£861.20 million), and Mixed Use Partnerships (£90.50 million). Dividend Yield: 3.4% Morgan Sindall Group's dividend payments have increased over the past decade, supported by a low payout ratio of 46.7%, indicating strong earnings coverage. However, dividends have been volatile with significant annual drops. The recent approval of a final dividend of £0.90 per share reflects ongoing shareholder returns despite instability in payment history. The company's price-to-earnings ratio of 13.6x suggests good value relative to the UK market average, although its yield is lower than top-tier UK dividend payers. Click here and access our complete dividend analysis report to understand the dynamics of Morgan Sindall Group. Our comprehensive valuation report raises the possibility that Morgan Sindall Group is priced higher than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Pets at Home Group Plc operates as an omnichannel retailer offering pet food, related products, and accessories in the United Kingdom with a market cap of £1.21 billion. Operations: Pets at Home Group Plc generates revenue through its Retail segment, which accounts for £1.31 billion, and its Vet Group segment, contributing £175.30 million. Dividend Yield: 4.9% Pets at Home Group's dividends have been stable and growing over the past decade, with a current yield of 4.87%, though this is lower than the top UK dividend payers. The payout ratio of 68.3% indicates dividends are well-covered by earnings, while a cash payout ratio of 34.9% ensures sustainability from cash flows. Recent earnings growth supports these payments, and a £25 million share buyback program highlights management's focus on shareholder returns. Navigate through the intricacies of Pets at Home Group with our comprehensive dividend report here. The analysis detailed in our Pets at Home Group valuation report hints at an deflated share price compared to its estimated value. Click this link to deep-dive into the 60 companies within our Top UK Dividend Stocks screener. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:BEG LSE:MGNS and LSE:PETS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
BlackRock's Virtual Investment Analyst ‘Asimov' Ushers in AI Era on Wall Street
'Hey AI, maximize my portfolio returns,' is a prompt that has moved from speculative fiction to Wall Street. Last week, BlackRock, the world's largest asset manager, unveiled an AI research platform called 'Asimov' at the company's investor day in New York. Chief Operating Officer Rob Goldstein described the research platform as a 'virtual investment analyst' that can scan text in research notes, regulatory filings and emails to produce 'portfolio insights.' READ ALSO: Act of GENIUS or Blockheaded Bill? Congress Considers Stablecoins and Can Blue Origin Fill NASA's SpaceX Void? BlackRock isn't the first, nor will it be the last, asset manager to pick up AI tools as Wall Street firms jockey for a competitive edge. Systematic hedge fund manager Man Group AHL, which has been using machine learning techniques for over a decade, described how the firm was using it to be more productive in a July 2024 report. Man AHL was developing chatbots that could understand the firm's internally developed code. It involved testing processes in which ChatGPT scanned 200-page offering circulars for catastrophe bonds and input relevant information into a template that another person would review. ChatGPT could also answer investor queries, extracting relevant information from company documents including fact sheets, presentations, and investment commentaries. AI might also analyze macroeconomic data at the level of a junior quantitative analyst. Others have deployed AI for portfolio construction: Bridgewater Associates CEO Nir Bar Dea stated at a Bloomberg Invest conference earlier this year that a fund launched in 2024, which utilizes machine learning to make decisions, delivered performance comparable to its human-led counterparts. Researchers at Stanford Graduate School of Business built an AI analyst that bested humans, beating 93% of human fund managers over 30 years by an average of 600%. The bot was fed portfolio data from about 3,300 actively managed US stock mutual funds between 1990 and 2020 and nosed out alpha by tweaking fund holdings once every quarter. *AI Alpha: The academic exercise showed that, in hindsight, publicly available information wasn't fully exploited. Though Stanford's AI analyst was able to shoot the lights out in hindsight, it wouldn't necessarily outperform in today's market. And here's the rub: 'If every investor were using this tool, then much of the advantage would go away,' Suzie Noh, assistant professor of accounting, said in an interview with the university. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
5 days ago
- Business
- Telegraph
The lazy and entitled are killing WFH
It can be hugely helpful for people with young children to look after. It can be great for people who are struggling to relocate from the countryside. And there have always been a core group of industries that lend themselves to it naturally. Working from home has always been part of a flexible economy. And yet, as more and more companies order their staff back to office, one point has also become clear. A determined group of lazy, over-entitled staff have exploited this rise. And the tragedy is that they are killing a way of working that should have been great for both sides. With every week that passes, more and more companies are ordering their staff back to their desks. The stockbroker Panmure Liberum has just barred staff from working from home on consecutive Mondays and Fridays, and so has Deutsche Bank. UBS has told its bankers they must be at the desks on either a Monday or a Friday as part of their designated three office days. Peel Hunt has insisted that its people show up four days a week, while the hedge fund Man Group has gone full retro and is now demanding five from its London-based analysts. The list goes on and on. The 'right' to hybrid working, which became normalised after the pandemic, is now starting to be underpinned by lots of rules and regulations. There should be no great surprise about that. The UK has embraced WFH more enthusiastically than virtually any other major developed economy. British employees work for 1.8 days a week from home, according to research by the European Bank for Reconstruction and Development and King's College, compared to an average of 1.3 days across the world. It is taken as a right. It has even developed its own complex slang. The 't***s' only show up on Tuesday, Wednesday and Thursdays, devoting the rest of the time to a long weekend (which explains why a Monday or a Friday is now often mandatory as part of your three office days). The 'polyworkers' are the people juggling two or three jobs at the same time, along with a couple of side hustles, taking advantage of the fact that home workers can often get away with earning several salaries. The 'quiet quitters' are those still technically working, but who barely make any discernible contribution. The 'mouse jigglers' use smart software to make it seem like they are clicking away at their screens while taking the dog for a walk, and the 'pyjama professionals' need no explanation. Here's the problem, however. The terminology sticks because it describes something we all know is very real. There are plenty of people who exploit the right to work from home to take long weekends, or hold down multiple jobs even if it's a form of fraud, or put in the minimum efforts required to scrape by without getting fired, or simply slack off and lose any sense of professionalism. The only rational response by employers is to put ever more heavy handed rules in place, to install monitoring software, or to make showing up at the office mandatory. If they don't, productivity, innovation and customer service will all collapse (as it is doing in the public sector, where employment rights often reign supreme). The trouble is, working from home was always great for some people, and employers always understood that. For parents, when someone had to get to the ballet class, it provided a degree of flexibility, and if an email or two was missed they could usually deal with it after the kids had gone to bed. It meant you could still accept a promotion even if the office was in a different city. And it suited a handful of professions, such as designers, for example, or musicians, or scriptwriters, or skilled craft workers or, indeed, freelance opinion writers. Working from home was a flexible arrangement that worked for both sides: the worker controlled their own hours; and in return they typically put in more effort, and worked more diligently, than the desk jockeys. But over the last four years since the pandemic, the lazy and entitled WFH home fanatics have killed that culture. By exploiting the opportunities for slacking off it provides, they are forcing employers to close down the option for everyone.
