United Homes Group stock plunges after Nikki Haley, directors resign
Investing.com - UBS upgraded Man Group Plc. (LSE:EMG) (OTC:MNGPY) from Neutral to Buy and raised its price target to GBP1.94 from GBP1.70.
The upgrade reflects UBS’s view that Man Group’s current share price fails to account for the performance rebound in its AHL strategies since late July, creating what the firm describes as "a very attractive buying opportunity."
UBS highlighted Man Group’s business model as a positive, noting the company’s technology provides a sustainable competitive advantage over peers in the asset management industry.
The investment bank expects institutional investors to increase their exposure to liquid alternatives in coming years, potentially benefiting Man Group given its product portfolio.
UBS pointed out that Man Group relies heavily on its Absolute Return strategies, which over the past five years accounted for approximately 30% of average assets under management, 50% of management fees, and nearly 75% of performance fees, with most driven by AHL.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.