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Benedicte Gravrand, Opalesque Geneva:

As of the end of 2016, Man Group held $80.9bn in funds under management, up 3% from the previous year, and registered net inflows of $1.9bn, compared to $0.3bn in 2015.

The alternative investment manager headquartered and listed in London made a statutory loss before tax of $272m (2015: profit before tax of $184m), driven by the impairment of GLG and FRM goodwill and intangibles of $281m and $98m respectively.

"2016 was a challenging year for the investment management industry and despite respectable relative performance from our strategies, this is reflected in our results," Luke Ellis, chief executive officer of Man Group, said. However, he continued, the firm delivered positive net flows in a year the industry saw outflows, and positive alpha across its long-only strategies. Man also revised its management structure, and most of its performance fee eligible funds ended the year at or close to high watermark.

"Looking forward to 2017," he said, "we have started the year with a good pipeline of interest from clients and encouraging performance across most of our strategies as the new global political environment has created many alpha opportunities, but it remains early days in an uncertain market."

Earlier this year, Man completed the acquisition of Aalto Invest Holding, which is t......................

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