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Laxman Pai, Opalesque Asia:

British hedge fund manager Man Group reported a drop in assets over the first half as its Long-only funds were pummelled in a volatile market environment.

The world's largest publicly traded hedge fund, which manages $142.3bn in assets, posted net client inflows of $100mn in the three months to June, a big slowdown from the $3.1bn in the first quarter.

The London-listed company said in a press release that its assets under management declined in the first half of the year due to market performance, falling from $148.6bn at the start of the year to $142.3bn, following losses of $4.6 billion from currency moves and another $4.6 billion from investments.

However, the alternative strategies' strong investment performance was noteworthy. The hedge fund recorded net inflows of $ 3.2bn, with its alternative funds securing $4.8bn of inflows, offsetting $1.6bn in outflows from its Long-only funds.

Despite net inflows of $3.2bn and alternative strategies' strong investment performance boosting AUM $2.1bn, long-only strategies lost $7bn while negative FX and other movements saw a $4.6bn drop.

"Despite generating strong alpha, market beta resulted in the negative investment performance of $7bn from long-only strategies," the release pointed out.

Luke Ellis, Chief Executive Officer of Man Group, said: "The first half of 2022 was yet another strong period for Man Group. Amidst a volatile market environment, we delivered fo......................

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