Man Cautious In Spite Of Inflow

May 9 2014 | 11:35am ET

The Man Group took in US$2 billion in new money in the first quarter, but still remains cautious about its future.

Investors added US$6.5 billion to Man’s funds, primarily those in its GLG Partners unit, while redeeming US$4.5 billion. The firm’s total assets rose 1.7% to US$55 billion after the net inflow was eroded by US$700 million in performance losses on the quarter.

CEO Emmanuel Roman noted that March was a “very difficult” month for the hedge fund industry as a whole, and that, in spite of the gains, the firm is still uncertain about what the rest of the year will bring.

“Whilst we are pleased to have recorded a solid quarter of net inflows, we remain cautious in our outlook for asset flows for the rest of the year given mixed absolute investment performance,” he said.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...