Man Group recorded $700 million in net inflows over the quarter ended Sept. 30, driven by absolute return and long-only strategies, as assets under management grew by 6.3% to $161.2 billion.
A trading update on Oct. 19 said absolute return strategies pulled in $1.1 billion in net inflows, while discretionary or long-only strategies added $500 million. Multimanager solutions and systematic long-only strategies recorded net outflows of $400 million and $500 million, respectively.
Investment performance added a total $100 million to AUM, while foreign exchange and other impacts, including the acquisition of private credit manager Varagon Capital Partners, added a further $8.7 billion.
Assets were up 16.5% vs. figures as of Sept. 30, 2022.
Other money managers reporting trading updates on Oct. 19 included Schroders and GAM Holding.
Schroders saw a slight fall in AUM, down 0.2% to £724.3 billion ($885.1 billion) as of Sept. 30.
GAM, which has entered into a 100 million Swiss francs ($109 million) financing agreement with Rock Investment, one of its shareholders, saw investment management AUM fall by 7.8% over the quarter to 20.2 billion Swiss francs. Net outflows totaled 1.7 billion Swiss francs.