Key points - financial · Statutory profit before tax from continuing operations of $324 million (2010: $541 million), ahead of pre-close estimate of $280 million after strong investment performance in the last week of March and an adjustment to the GLG acquisition balance sheet   · Adjusted profit before tax from continuing operations of $599 million (2010: $560 million)   · Diluted statutory EPS from continuing operations of 14.0 cents per share (2010: 24.8 cents per share); adjusted EPS of 27.6 cents per share (2010: 25.5 cents per share)   · Financial position remains strong: current regulatory capital surplus estimated at around $900 million (31 March: $650 million); net cash of $900 million (31 March: $881 million)   · Board to recommend final dividend of 12.5 cents per share to bring total dividend for the year to 22 cents per share.                                                                      Year ended                          Year ended                                                                    31 March 2011 $                   31 March 2010  $ Funds under management (end of period)                69.1bn                                   39.4bn Net management fee income                                  430m                                     463m Net performance fee income                                   169m                                     97m Profit before tax and adjusting items – continuing items                                                                    599m                                     560m Adjusting items*                                                    (275m)                                   (19m) Statutory profit before tax from continuing operations                                                             324m                                     541m   Key points – operating · Funds under management (FUM) currently estimated at $71 billion (31 March 2011: $69.1 billion), reflecting positive flows despite recent demanding performance environment   · Strong net inflows since year end include $2 billion from Nomura Global Trend and $400 million from Man IP220 GLG, the first guaranteed product to include GLG strategies.   · Continuing to build a diverse range of strategies and formats to meet global investor needs: over $10 billion under management in UCITS formats; $1.3 billion under management in Man Systematic Strategies   · Expanding global footprint: moving investment management closer to markets (e.g. Hong Kong); launch of AHL renminbi share class