Man Group AUM declines in half year results despite net inflows

$6.3bn decline

Elliot Gulliver-Needham
clock • 2 min read

Man Group’s assets under management declined in the first half of the year due to market performance, falling from $148.6bn at the start of the year to $142.3bn.

Despite net inflows of $3.2bn and alternative strategies' strong investment performance boosting AUM $2.1bn, long-only strategies lost $7bn while negative FX and other movements saw a $4.6bn drop. Premier Miton leads FE Crown Ratings with 12 funds gaining top score The firm's total return strategies, particularly AHL TargetRisk, performed poorly, recording $2.1bn in losses in investment performance and $2.8bn loss in FX and other movements. Man Group said this reflected its "long-only exposure to fixed income and equity markets". Meanwhile, it attributed its declines in long-only A...

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

More on Companies

Ashmore Group suffers $2bn outflows as institutions slash EM exposure

Ashmore Group suffers $2bn outflows as institutions slash EM exposure

AUM drops by 5%

Valeria Martinez
clock 12 July 2024 • 1 min read
Premier Miton CEO bets on fund sales boost from falling rates as outflows slow

Premier Miton CEO bets on fund sales boost from falling rates as outflows slow

Multi-asset fund outflows continue to bite

Valeria Martinez
clock 12 July 2024 • 2 min read
GAM sells management company arm to Apex Group

GAM sells management company arm to Apex Group

UK, Luxembourg and Ireland operations

Cristian Angeloni
clock 11 July 2024 • 1 min read
Trustpilot