Man assets rise by 5% on back of stronger AHL performance


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 billion by the firm at 28 September.

In a statement Man said the growth in assets had been buoyed by