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...