Man Group hit by $5.5bn outflow as institutional client pulls from systematic long-only

AUM down to $174.9bn

Valeria Martinez
clock • 1 min read

Man Group recorded $5.5bn in outflows last quarter, largely due to a major redemption by an institutional client from its systematic long-only strategies.

In a trading update published today (17 October), the FTSE 250 firm reported a $6.8bn net outflow from its systematic long-only strategies for the three months to 30 September, driven by a single client redemption of $7bn. Excluding a $100m net outflow from total return strategies and flat flows in multi-manager solutions, all other product categories saw net inflows during the quarter. Man Group enjoys record $900m net inflows as performance fees surge fivefold Assets under management fell from $178.2bn at the end of June to $174.9bn, as positive investment performance worth $400m...

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

FE fundinfo expands regulatory reporting offering with European acquisition

FE fundinfo expands regulatory reporting offering with European acquisition

Matterhorn Reporting Services

Cristian Angeloni
clock 06 November 2024 • 1 min read
Schroders shares nosedive 14% on £10bn outflow warning

Schroders shares nosedive 14% on £10bn outflow warning

Net outflows of £2.3bn in the quarter

Valeria Martinez
clock 05 November 2024 • 2 min read
Warren Buffett slashes Apple stake as Berkshire cash soars to record high

Warren Buffett slashes Apple stake as Berkshire cash soars to record high

Cash hits $325.2bn

Linus Uhlig
clock 04 November 2024 • 2 min read
Trustpilot