From the mailbag:
FYI, in the aftermath of the GLG buy, things are not good inside Man Group.
Employees are leaving en masse globally – bonus outlook is grim in light of them having no cash on hand after this recent deal. They’re bleeding Bleeding money. Other fund of funds (and hedge funds as well) are picking off Man employees in New York, London and elsewhere (for example, Jaime Castan). Man is in a frantic search for a new product to sell. Hence, the GLG purchase. AHL is suffering and the redemptions continue to mount while the costs for leverage are steep.
this isn’t news, it’s been happening for over a year. no one is happy there and everyone is looking
Man Group Bleeding Ass.
Man’s Ass Bleeding
What the h%ll happen to the markets? Someone’s ass must be bleeding?
Man is my ass bleeding! Damn.
Is this the place that just added Corzine to the starting team?
@6 that would be MF Global.
I thought Man’s Ass Bleeding was the name of Meredith Whitney’s new fund.
Man Group sucks
Man oh Man- your jokes are lousy
When Bess Levin go in mailbag, ass bleed you!
AHL was up 4% YTD through June and runs 20+ billion. I’m not going to lose a whole lot of sleep worrying about them.
hmmm, not sure Jaime was such an irretrievable loss to the firm or that he left so willingly … sounds more like a disgruntled former employee if you ask me . . .
Man Group used to own man financial/mf global until mid 07 spinoff IPO. They got 27 $, the come price selling virtually the whole thing in the offer. trades @ 6 now with the gov of jersey
As new_york_trader says, been going on for a while. It’s not that so many people are leaving themselves, they are forced to. Man Group has no respect for its employees and just fires you whenever they feel like. No matter how long you’re there. No wonder they have such a bad name and can’t find any new employees.
And recently a Man London employee was fired for breaking the swiss law by reading his team members emails…. people are leaving left right and centre
Irvin & Gra run an operational mess
This does surprise me. Shambolic mismanagement.
…
Maybe Jaime Castan had to leave because he was personally invested in a Madoff Feeder while being head of research…?
And what about this risk guy, Moix? – Is this bloke still there?
Jaime left on his own he saw the writing on the wall. With hedge fund ventures being shut mgs is next. Like Uwe Ebler, Jamie is a smart person who jumped ship before it sank. GLG is was a bad deal the new research department of AHL will not work out. Man is in big trouble. Someone please call underdog!
Come on, one should not be naive. Jaimer is a good guy but did not achieve much while at Man, lost the support of his style heads and assets went down. For him, this 7 digit posslition was very comfi, he could plan bus trips around the formula 1 schedule while Bergmayer was running the show behind the sceenes…
/
xxxx
one fat cat is still there being fed…
Worst place to work at, I watched them fire the black guy who was a contractor. Thier reason? “He made too many noises” How pathetic.
Worst place to work at, I watched them fire the black guy who was a contractor. Their reason? “He made too many noises” How pathetic.
What do you mean by fat cat? Cadellie, Petretti, Moixs or even Meissingern?
Garfield