Man Group sees record inflows

Man Group, the London-listed hedge fund firm, saw net inflows last year jump significantly.

The company had a record $12.8 billon (€10.4 billion) of new investments by customers, up from $1.9 billion in 2016.

2017 was a strong year for inflows for the funds industry across the board, including Jupiter Asset Management, which reported its results yesterday. The European Fund and Asset Management Association described 2017 as “exceptional”.

Luke Ellis, CEO of Man, said the strong net flows reflected outperformance and the company’s focus on “deep client relationships”.

Man Group’s funds under management increased 35% to $109.1 billion, including a positive investment movement of $10.7 billion.

Net revenues increase by 33% reflecting good absolute performance fee generation, the company said, and 7% growth in net management fee revenue.

Adjusted profit before tax was $384 million, up from $205 million the year before.

Ellis added that recent moves in markets have impacted our investment performance in some areas, particularly for our momentum strategies.

“However, looking forward Man is well positioned, with strong fundamentals, investment in innovative strategies and a continuing pipeline of interest from clients,” he said.

©2018 funds europe

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