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Man Group CEO Luke Ellis
Man Group’s suite of alternatives has helped boost the firm’s funds under management by more than $5bn during Q3, while its long-only products suffered negative performance.
Alternatives added $5.1bn of inflows in the three months to 30 September 2021, with a further positive investment performance of $500m, compared with the long-only suite's $200m of net inflows and negative investment performance of $100m. Man Group's Luke Ellis: 'Accepting bad behaviour is a shortcut to ruin' However, both product suites suffered from the strength of the dollar against the pound and euro, combining for a $1.5bn FX-related loss for the firm. Despite total net inflows of $5.3bn across the quarter, FUM only grew $4.2bn (3%) owing to these performance and FX issues. ...
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