Wed, May 18, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Listed hedge fund Man Group's funds under management grow 4% by alternative strategies demand

Friday, October 16, 2020

Laxman Pai, Opalesque Asia:

Man Group funds under management grow 4% by alternative strategies demand Funds under management at the British hedge fund manager Man Group totaled $113.1bn in the third quarter of 2020, up 4.4% from the second quarter.

The UK-based hedge-fund firm said in a press release that results were fuelled by net inflows of $1.7bn and positive investment performance of $1.7bn, which is seen as a bellwether for the industry.

"The net inflows of $1.7 billion is mostly from alternative strategies as redemption levels normalized following Covid-19 related rebalancing in the second quarter," the release added.

Favorable foreign exchange movements also added US$1.4bn, the FTSE 250-listed investment manager said.

"We are pleased to report a good performance in the third quarter and strong growth in funds under management. This was driven by robust net inflows into alternatives as anticipated, as well as performance gains across both alternative and long-only strategies," Chief Executive Luke Ellis said.

According to a Reuters report, the company, which has a trading history that spans more than 230 years, had seen an 8% fall in AUM in the first half of the year after several investors pulled out cash amid the pandemic-driven weakness in the markets.

However, markets have recovered from their March lows - when Wall Street's fear gauge touched levels last seen during the 2008 financial crisis - as investors have price......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year