Man Group assets hit fresh record despite $300m Q4 outflows

Profits fall on lower performance fee revenue

Man Group hit a fresh all-time high in assets under management in 2023, despite recording $300m outflows in the final three months of the year.

According to its annual results published today (29 February), the firm ended the year with a record $167.5bn AUM, up 17% from the same period in 2022, thanks to a net $3bn inflows and positive performance gains of $9.7bn during the period. "On a relative basis, total net inflows were 4.9% ahead of the industry, reflecting the merits of our client-centric distribution model and the quality of our longstanding relationships with allocators around the world," said CEO Robyn Grew. After more than a year in positive territory, flows turned negative in the final quarter, as investors pulle...