Man Group FUM jumps 4% on inflows to alternative funds
Long-only see outflows but strong performance
Man Group CEO Luke Ellis
Man Group saw funds under management rise by 4% to $113.3bn in the three months to 30 September, thanks largely to $1.7bn each of net inflows and positive investment performance.
The firm said redemptions levels had normalised in the quarter after clients took the Covid-19 pandemic as a chance to rebalance portfolios. It was Man's alternative strategies that accounted for most...
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