Man Group, the world’s largest listed hedge fund, has reported net inflows in the first quarter of 2017 of USD4.8 billion, driven by strong inflows into alternative risk premia, European long short and emerging market local currency strategies.
These inflows pushed funds under management (FUM) up by 3 per cent to USD112.7 billion as at 31 March 2018, with growth reported all of the group’s core product categories.
Luke Ellis (pictured), Chief Executive Officer of Man Group, says: “We are pleased to report an increase in funds under management in the first quarter to per cent USD112.7 billion, driven by net inflows of per cent USD4.8 billion. The ongoing interest in our range of strategies reflects our innovative offering and the strength of our client relationships. In particular, we continued to see client demand for our alternative risk premia strategies and saw flows returning to our European long short strategy, following a sustained period of improved performance.
“The first quarter of 2018 was a weaker environment for equity markets and momentum strategies. While this impacted our absolute performance in some areas, outperformance across our long only and discretionary alternative strategies demonstrated the resilient and diversified nature of our business.
“Looking forward we see continuing interest from clients, however, the institutional nature of our business means that flows are likely to be uneven on a quarter-to-quarter basis.”
