Man Managing $68 Billion

Sep 25 2007 | 3:43pm ET

The Man Group said today that assets under management and earning both rose more than 10% between March and September.

In a note to the London Stock Exchange, Man said it now manages $68 billion, up from $61.7 billion at the end of March and $67 billion at the end of June. Investors are expected to add $7.8 billion to its funds in the six months through the end of September, while redeeming $4.3 billion.

Man said the increase in assets will boost fee income. Net management fee income is expected to rise by more than 15% year-on-year, with performance fee income rising as well.

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