Man Group's Assets Rise to Record on Largest Inflows Since 2011
- Assets under management increase to a record $88.7 billion
- Long-only strategies, fund of funds drive net inflows
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Man Group Plc, the world’s largest publicly traded hedge-fund firm, said its assets under management climbed to a record during the first quarter as investors bet that volatility will increase. The shares rose.
The London-based firm on Thursday reported net inflows of $3 billion during the first quarter, the highest since the second three months of 2011, as investors allocated capital to its long-only strategies and fund of funds. Sales of $8 billion more than offset $5 billion in redemptions, the company said in a statement. Assets under management rose to a record $88.7 billion from $80.9 billion at the end of December.