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Investing.com -- Man Group reported a 22% increase in assets under management (AUM), reaching a record $213.9 billion in the 12 months to Sept. 30, outpacing analyst forecasts despite a year marked by market volatility and geopolitical tension. Analysts had projected assets would rise to $201.7 billion, according to Jefferies.
The hedge fund recorded net inflows of $9.7 billion, well above the $1.8 billion analysts expected, as withdrawals from its alternatives strategies were more than offset by strong inflows into long-only funds.
Shares in Man Group rose more than 2% in early London trading after the report.
The Long Only (LO) division was the main driver, with $10.7 billion of new money, including $6.5 billion into systematic long-only products.
Global equity strategies saw AUM rise by $7.7 billion quarter-on-quarter, while discretionary long-only segments added $4.2 billion, helped by a $4.5 billion lift in credit and convertible strategies.
Man Group’s quant portfolios also recovered some ground after a difficult first half, when markets swung sharply following U.S. President Donald Trump’s tariff moves that forced investors to rapidly adjust risk positioning.
The AHL Alpha fund gained 7.6% in the third quarter, trimming year-to-date declines to 0.8%.
"The size of the inflow in Systematic LO/Global equity indicates it has received 1-2 large investment mandates, which typically come at discounted fee margins, so we will need to assess the blended fee margin implications there," Jefferies analysts said.
"But, in any case, management’s ongoing success in diversifying the business should not be understated," they added.