Eight people leave Man Group’s AHL

[ASusilovic]

Eight people have left AHL, Man Group’s flagship computer-driven hedge fund responsible for three quarters of its profits, across its research, trading and technology departments. The departures come as analysts express concern about AHL’s weak performance and the firm tries to diversify its dependence on the fund for profits.

http://www.efinancialnews.com/story/2010-07-28/eight-depart-man-group-ahl

Has this to do with acquiring GLG ?

 

[Chuck Krug]

There are some redemption as the flagship AHL has yielded only 0.5% the last 12 months. I don't think there's anything alarming (yet).

 

[FunMan]

Yes its MAN AHL fund unexpectedly performed very badly in 2009.