Man Group, which recently bought GLG Partners for $1.6
billion, has announced that its funds under management grew
ahead of expectations in the last few months – largely
on the back of strongly recovering performance in its flagship
AHL systematic trading strategy.
Man’s assets under management rose by 5% in the
six months to 30 September. Funds stood at $40.5 billion,
compared with $38.5 billion at the end of June and ahead of an
earlier pre-close estimate of $39.5...