Man Group generates strong growth post GLG acquisition


Man Group has issued an interim management statement for the quarter ended 31 December, the first since its acquisition of GLG Partners, showing strong growth in assets under management across its AHL, GLG and Man Multi-Manager businesses.

Total assets under management stood at $68.6 billion at year-end. Man managed $40.5 billion in September – before it completed the $1.6 billion acquisition of GLG Partners, which has added $25.4 billion to its AUM.

AHL, Man’s quantitative managed futures business, was up 14.8% in 2010 - while Man-IP220, which combines exposure to AHL with a multi-strategy portfolio, was up 22.3%. The