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Alternative Market Briefing

Man Group's total AuM hits $114.1bn in September 2018, plans to create new holding company in Jersey

Friday, October 12, 2018

Laxman Pai, Opalesque Asia:

Hedge fund Man Group's total assets under management (AuM) hit $114.1 billion at the end of September, up from $113.7 billion at the end of the prior quarter.

The world's largest listed hedge fund said in a trading statement today (Friday) that its funds under management rose 0.4 percent in the third quarter, helped by positive investment movement and net inflows.

The statement quoted Luke Ellis, Chief Executive Officer of Man Group, as saying: "Funds under management were slightly up in the quarter with net inflows of $0.4 billion, despite the previously announced $2.2 billion infrastructure mandate redemption. Positive investment movements offset negative FX and other movements."

"We saw continuing inflows into our alternative risk premia strategies and strong flows into our systematic equity strategies. Investment performance in the quarter was mixed with strong absolute and relative performance in our momentum and discretionary long only strategies but weaker relative performance in our discretionary alternative and systematic equity strategies," he added.

"Looking forward, Man Group is well positioned, with strong fundamentals, and we remain focused on enhancing our technology platform and continuing to develop innovative strategies for our clients," Luke concluded.

Absolute return FUM increased by $0.2 billion in the quarter. Net inflows included $0.3 billion into AHL institutional solutions partially offset by small ou......................

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