Man Group saw funds under management rise by 4% to $113.3bn in the three months to 30 September, thanks largely to $1.7bn each of net inflows and positive investment performance.
The firm said redemptions levels had normalised in the quarter after clients took the Covid-19 pandemic as a chance to rebalance portfolios. It was Man's alternative strategies that accounted for most of the inflows, with its long-only funds seeing $200m of outflows. Man GLG to launch Asian equity fund for Andrew Swan However, the firm's long-only products contributed most to the $1.7bn in positive investment performance as equity markets continued to recover from March's market sell-off. In addition, the US dollar's weakness against both sterling and the euro resulted in $1.4bn...
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