Man Group recorded $5.5bn in outflows last quarter, largely due to a major redemption by an institutional client from its systematic long-only strategies.
In a trading update published today (17 October), the FTSE 250 firm reported a $6.8bn net outflow from its systematic long-only strategies for the three months to 30 September, driven by a single client redemption of $7bn. Excluding a $100m net outflow from total return strategies and flat flows in multi-manager solutions, all other product categories saw net inflows during the quarter. Man Group enjoys record $900m net inflows as performance fees surge fivefold Assets under management fell from $178.2bn at the end of June to $174.9bn, as positive investment performance worth $400m...
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