Man Group posts strong quarter with AUM up 9.6%

Man Group's assets under management grew 9.6% to $88.7 billion in the quarter ended March 31.

Over the year ended March 31, total AUM increased 12.8%, led by alternative investment strategies, which rose 9.9% to $50.9 billion. Long-only strategies increased 9.2% to $37.5 billion and guaranteed strategies fell 25% to $300 million, the firm said in its most recent trading statement released Thursday..

Net inflows for the quarter ended March 31 totaled $3 billion, compared to net outflows of $400 million in the prior quarter. Man Group also benefited from $2.2 billion of investment returns, $800 million in foreign-exchange gains and $1.8 billion of other profits in the latest quarter, according to the financial statement.

Assets managed by Man Group’s four investment businesses all had positive growth in the three months ended March 31:

  • GLG’s total assets rose 7.9% to $28.8 billion, with hedge fund and credit AUM rising 0.7% to $14 billion and long-only strategies rising 15.6% to $14.8 billion;
  • Numeric’s quantitatively managed strategies rose 6.9% to $24.7 billion;
  • AHL’s managed futures funds rose 2.7% to $18.8 billion; and
  • FRM’s combined hedge funds-of-funds, direct investment and infrastructure assets rose 13.3% to $14.5 billion.

Man Group also managed $1.9 billion in its global private markets strategy.

Man Group’s January acquisition of Aalto Invest Holding added $1.8 billion to firmwide AUM, which is included in FRM’s AUM, said CEO Luke Ellis in the financial report.

“We came into the year with a good pipeline of interest from clients,” Mr. Ellis said. “Looking forward, the global environment has the potential to create alpha opportunities and we see continuing near-term interest from clients.”