Man Group Q3 flows slow to £250m as GLG weighs

Man Group has reported net inflows of $400m (£250m) in the third quarter of 2014, as renewed interest in its quantitative strategies was offset by redemptions at GLG.

In a reversal of recent trends, the hedge fund manager reported positive net flows of $1.2bn (£750m) into its alternative and long-only AHL trading strategies, as an upturn in performance helped win a “significant” institutional mandate. However, GLG saw net outflows of $200m (£125m), as a $500m (£313m) net redemption from GLG’s alternatives business offset a $300m (£187m) net inflow into long-only funds. Of the latter, the group said Japan CoreAlpha (run by Stephen Harker, pictured) and Strategic Bond were among the best sellers. The previous two quarters had seen total net inflow...