Hedge fund group Man sees assets under management swell to a record, announces new buyback February 29, 2024 Man Group, the world's largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees.
Man Group shares slide as revenue from fees plummets August 1, 2023 Shares in Man Group slid this morning after the hedge fund reported that its revenue had slumped in the first half of the year. Although in line with expectations, performance fees were slashed to $32m, down from $404m in the same period last year. The London-listed hedge fund said this was primarily the result of [...]
Man Group snaps up private credit fund Varagon Capital to boost access to US market July 6, 2023 Man Group has acquired a controlling stake in US middle market manager Varagon Capital Partners for $183m. The London-listed fund said Varagon’s emphasis on insurances brings “significant institutional credibility” to support Man Group’s expansion in US private credit. Varagon, which specialises in senior secured loans in non-cyclical industries, delivered compound AUM growth of 13 per [...]
Man Group records $1bn net inflows as investors jitters ease April 26, 2023 Hedge fund Man Group notched more than $1bn of net flows into its funds in the first three months of the year and bumped up its assets under management as investors edged back into the market after a turbulent 12 months.
Man Group hit by soaring dollar as assets slide 2 per cent October 19, 2022 Man Group revealed investors had been scrambling to withdraw their cash in the past quarter as its assets under management slid to $138.4bn amid a crash in sterling and market volatility. The investment management group said that the value of its assets under management tumbled 2.7 per from $142.3bn in June in what was a [...]
Man Group shares dive as choppy markets spark fall in assets under management August 2, 2022 Shares in fund management giant Man Group plunged nearly six per cent this morning after it reported a dip in its assets under management and warned that market turbulence may lead to volatile flows in the months ahead.
Man Group announces $250m share buyback after cashing in on market rebound December 8, 2021 Man Group, the world’s largest listed hedge fund manager, this morning announced it intends to buy back up to $250m shares to return cash to shareholders, after it posted consistently good performance over the last year. The FTSE 250 group said it will begin buying back the first tranche of $125m shares immediately, and the [...]
Man Group assets hit record $140bn after cash injection October 13, 2021 Hedge fund manager Man Group has received $5.3bn cash, raising its assets to a new record of $139.5bn, the company said in an update to investors this morning. Funds under management rose by three per cent in the third quarter after the Group secured $5.3bn (£3.9bn) worth of cash – the highest quarterly amount in [...]
Man Group raises dividend as funds under management hit $123.6b March 2, 2021 Hedge fund manager Man Group has this morning raised its dividend by 8 per cent as funds under management marked a record high for the firm. Funds hit $123.6b under management from $117.7b the year before, as assets climbed by 8 per cent, reaching $77.2b. The firm has also raised its total dividend to 10.6c [...]
Man Group lifted by strong demand for alternative funds October 16, 2020 Hedge fund manager Man Group has reported a rise in funds under management after strong demand for alternative assets. The firm reported funds under management (FUM) rose to $113.1bn in the three months to September, as alternatives saw a $1.7bn inflow after a slowdown in redemptions. And a good market performance by the long-only funds [...]