Man Group has hit record assets under management of $175.7bn in the first quarter of 2024, despite suffering $1.6bn in net outflows.
In a trading update published today (19 April), the asset manager posted net outflows across most product categories, with the only exception being discretionary long-only, which gathered $2bn inflows over the period. The category with the largest outflows was multi-manager solutions, which shed $1.6bn over the three months. Beside multi-manager solutions, all categories managed to increase their respective AUM despite net outflows over the quarter. Man Group assets hit fresh record despite $300m Q4 outflows However, positive market movements across all categories more than offset ...
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