Man Group nine-month results point to improving environment


Man Group has issued its results for the nine months to 31 December 2011, showing pre-tax statutory profits from continuing operations of $193 million, in line with estimates included in an 18 January trading statement.

Net management fee income came to $281 million over the nine months, with net performance fees totalling $37 million. Assets under management for the group stood at $58.4 billion on 31 December and have since risen to an estimated $59.5 billion at the end of February, reflecting positive investment performance – particularly from GLG funds and with some contribution from AHL – partially