Man Group FUM jumps 4% on inflows to alternative funds

Long-only see outflows but strong performance

David Brenchley
clock • 1 min read

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 of the inflows, with its long-only funds seeing $200m of outflows. Man GLG to launch Asian equity fund for Andrew Swan However, the firm's long-only products contributed most to the $1.7bn in positive investment performance as equity markets continued to recover from March's market sell-off. In addition, the US dollar's weakness against both sterling and the euro resulted in $1.4bn...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot