Key points
Funds under management (FUM) at 30 June 2013 of $52.0 billion (31 December 2012:
$57.0 billion), reflecting sales of $6.5 billion, redemptions of -$11.5 billion, investment movement of $2.5 billion, FX translation effects of -$2.4 billion and other movements of -$0.1 billion
Mixed performance in the six months to 30 June 2013: AHL Diversified Programme -3.2%; GLG Multi-Strategy +5.1%; FRM Diversified II strategy +3.1%; Japan CoreAlpha strategy +41.4%
Adjusted profit before tax (PBT) of $134 million, comprising adjusted net management fee PBT of $64 million and net performance fee PBT of $70 million
Statutory profit before tax for the six months ended 30 June 2013 of $122 million
Adjusted EBITDA of $237 million, with a margin of 41%
Cost saving programmes remain on track with further efficiencies identified bringing total cost savings to $270 million in aggregate to be delivered by the end of 2015
Surplus regulatory capital of $990 million at 30 June 2013 (up to $550 million pro-forma for remaining debt buybacks, restructuring charges and interim dividend), subject to ICAAP review by FCA
Interim dividend of 2.6 cents per share in line with revised dividend policy
