Man Group has seen its core profit before tax (PBT) surge by 39.1% year-on-year to $473m in 2024, according to its annual results published today (27 February).
The latest PBT figures came in significantly higher than the $340m reported in 2023, with the firm's statutory profit also up by 27.3% from $234m in 2023 to $298m last year. The bump in the firm's PBT was driven by its net management fee revenues, which increased by 14% on annual basis to almost $1.1bn in 2024 (2023: $963m), while its core performance fees stood at $310m, up from $180m in 2023. Jupiter outflows surge to £10.3bn amid value desk redemptions Robyn Grew, chief executive officer of Man Group, said she is "pleased to report a strong set of results for 2024" following her...
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