Hedge Funds

Man Group’s AUM rises 8.1% in quarter, 25.5% for year

Man Group's assets under management rose 25.5% to $95.9 billion in the year ended June 30.

In the quarter ended June 30, firmwide assets rose 8.1%, driven by net inflows of $7.2 billion.

Numeric led growth among Man's five investment units with assets up 38.6% to $27.3 billion in the 12 months ended June 30, showed Tuesday's earnings statement from Man Group.

During the year, assets managed by FRM in hedge funds of funds, managed accounts and customized approaches rose 36.1% to $16.2 billion; GLG's hedge funds were up 20% to $31.2 billion; and assets in AHL's quantitatively managed hedge funds were up 2.1% to $19.2 billion.

Real assets strategies run by Man Global Private Markets — formerly Aalto Invest Holdings, acquired by Man Group on Jan. 1 with $1.8 billion under management — rose 11.1% to $2 billion.

In the first half of 2017, Man Group's AUM increased by $15 billion or 18.5%, including $8.2 billion of net inflows. By contrast, net inflows in the first six months of 2016 totaled $1 billion, the report showed.

"The first half of 2017 has been one of solid performance," said Luke Ellis, Man Group's CEO, in the statement, adding the six-month period "was unusual in both the scale of net inflows and the level of margin compression. We would expect both to moderate in the second half, particularly given the uneven nature of institutional flows."

Man Group's pre-tax profits totaled $145 million in the six months ended June 30, compared to $98 million in the first half of 2016. The firm's June 30 results statement did not provide quarterly or yearly earnings information.