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Man Group PLC - London-based hedge fund manager - Increases amount of assets under management in first quarter ended March 31. Amount of assets under management rise to $151.4 billion from $148.6 billion quarter-on-quarter. Annually, assets rise from $127.0 billion. Compared to a year ago, net inflows increase to $3.1 billion from $0.6 billion.
Total investment performance detracts $300 million from first quarter net flows. Positive investment performance from alternative strategies was ‘offset by negative market beta from long-only strategies,’ Man Group explains.
Current stock price: 238.60 pence, down 1.2% on Thursday
12-month change: up 48%
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