Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.
Despite a strong start to the year, the group said renewed market volatility in the second quarter "tempered investors' willingness to put their money to work". CEO Manny Roman said: "The six months...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash