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Man Group reports FUM increase
13/04/2018 , News Team

In a trading statement for the quarter ended 31 March 2018, Man Group has reported funds under management (FUM) of $112.7 billion (31 December 2017: $109.1 billion) with growth across all core product categories.

Net inflows in the quarter were $4.8 billion, driven by strong inflows into alternative risk premia, European long short and emerging market local currency strategies.

The firm also completed the $100 million share repurchase announced in October 2017.

"We are pleased to report an increase in funds under management in the first quarter to $112.7 billion, driven by net inflows of $4.8 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,” said Luke Ellis, Man Group’s chief executive.

“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.”

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