Man Group AUM Hits Record $88.7B As Q1 Inflows Soar

Apr 21 2017 | 10:16pm ET

In a reflection of the increased allocations to hedge funds being reported by industry data providers Hedge Fund Research and eVestment in recent days, assets under management at London-based Man Group reached a record during the first quarter. 

Man reported net inflows of $3.7 billion for the first quarter, the highest since the second three months of 2011, with investors preferring quantitative long-only and fund of funds strategies, Bloomberg reported on Thursday citing a statement by the company, as well as its GLG unit. Redemptions of around $5 billion were more than offset by inflows of approximately $8 billion, Man said, while total AUM reached a record $88.7 billion. 

The AUM total compares to $80.9 billion at the end of December and $76.4 billion at the end of June 2016. 

Investors literally threw money at hedge funds during March, according to figures from eVestment, allocating $15 billion to the sector for the largest inflow in 20 months. Yet the data reflects a curious contradiction within hedge funds going back to last year, when a nearly $112 billion tidal wave of redemptions and record fund closings clashed with annual performance that, despite volatility in the first half, was a respectable 5.6%. 

Man Group, which traces its heritage back to the 1783 founding of a sugar coop and brokerage company by James Man, is the largest listed hedge fund manager in the world. 

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...