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Laxman Pai, Opalesque Asia:

British hedge fund manager Man Group said assets hit another record at the end of last year, bolstered by $13.7 billion in net inflows and performance gains up from $1.8 billion in 2020.

According to a press release from the asset management company, assets under management rose 20% to a record $148.6 billion in 2021, helping the London-listed company to more than double its core earnings per share.

Core earnings per share increased by 139% to 38.7 cents, the hedge fund manager said in the release. "Core earnings per share increased by 139% from a solid outcome in 2020, driven by significant management fee growth, material performance fees, and the operating leverage in our business facilitated by our technology capabilities," said Luke Ellis, Chief Executive Officer of Man Group.

The world's largest publicly traded hedge fund said it recommended a final dividend of 8.4 cents per share, implying a total dividend of 14 cents for 2021, up from 10.6 cents in 202.

Luke said: "2021 was an exceptionally strong period of growth for the firm. We ended the year with record assets under management, having delivered $12.5 billion of positive investment performance for our clients and recorded net inflows of $13.7 billion into both alternative and long-only strategies."

According to the CEO, these results demonstrate the potential of the firm it has built and its ability to deliver growth. "Our diversified range of products and longs......................

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