Man reports assets rise, record sales and performance losses


Man Group has released its latest quarterly interim management statement that shows total assets under management rising to $71.0 billion in the quarter ended 30 June, up slightly from their level of $69.1 billion at the end of March.

The publicly-quoted group also said that it had generated record sales in the last quarter totalling $9 billion – outweighing redemptions of $5.3 billion for a net asset inflow over the three months of $3.7 billion.

But the news was not all positive, as the statement also described challenging market conditions that led to $1.1 billion in investment losses