Man Group AUM declines in half year results despite net inflows

$6.3bn decline

Man Group’s 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.

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. Premier Miton leads FE Crown Ratings with 12 funds gaining top score The firm's total return strategies, particularly AHL TargetRisk, performed poorly, recording $2.1bn in losses in investment performance and $2.8bn loss in FX and other movements. Man Group said this reflected its "long-only exposure to fixed income and equity markets". Meanwhile, it attributed its declines in long-only A...