From enormous payouts to pink slips: What it's like to work at a hedge fund

From enormous payouts to pink slips: What it's like to work at a hedge fund

Getty Images; Alyssa Powell/BIIt should be a good time to work for the biggest hedge funds in the world.Firms like Millennium, Citadel, Point72, and Balyasny are experiencing rapid growth and offering eye-popping pay packages, which can reach tens of millions of dollars for the most sought-after risk-takers.Investors in hedge funds came into the year the most optimistic they'd ever been, thanks to strong performance in 2024, Goldman Sachs says.M…

Man Group sees $5.6bn withdrawn in just two weeks as it suffers 'brutal losses'

Hedge fund Man Group saw its assets under management drop by $5.6bn (£4.2bn) in just two weeks during April as the firm saw "brutal losses" impact its financials

Man Group loses all Q1 gains in first half of April

The widespread sell-off following Donald Trump’s tariff announcements in April wiped out all of the assets under management that Man Group gained in the first quarter, according to its most recent financial statement. The firm’s holdings were up $4bn in the first three months of the year to $172.6bn, but this plummeted by $5.6bn to $167bn within the first two weeks of April, leaving it worse off than when it entered 2024. This was the case for o…

Man Group Reports $172.6 Billion in AUM at the End of Q3

The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance.  The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated AUM was $167 billion as of 14 April, with net management fees of around $1.02 billion.…

Man Group sees sharp AUM fall in early April

Assets under management at Man Group, the world’s largest listed hedge fund, fell by $5.6bn (£4.2bn) in the first two weeks of April to $167bn, as market volatility hit the asset manager’s strategies, according to a report by City AM. The London-based firm had ended Q1 2025 on a strong note, with AUM climbing from $168.6bn to $172.6bn, buoyed by $3.6bn in net inflows — largely into its credit and convertibles strategies. But that momentum quickl…

Man Group: Hedge fund racks up billions in performance losses

Assets at hedge fund Man Group dropped by $5.6bn (£4.2bn) in the first two weeks of April as market volatility hit the asset manager’s strategies. While assets under management at Man Group jumped from $168.6bn (£127.6bn) to $172.6bn (£130.6bn) in the first three months of the year, they then fell sharply to $167bn (£126.4bn) in the following two weeks, the firm revealed in a quarterly trading statement. Asset managers across the UK have been re…