Man Group AUM hits another record as investment gains surge

(Sharecast News) - Fund manager Man Group reported a solid increase in assets under management, as investment performance gains picked up sharply from the first half.

AUM rose to a new peak of $213.9bn by 30 September, up $20.6bn from $193.3bn three months earlier - already a record high - and $174.9m a year earlier.

Net inflows were $9.7bn, following the $17.6bn of positive flows reported in the first half.

Meanwhile, the investment performance resulted in a gain of $10m, up from just $2.5bn in the first half following a "particularly volatile" period for financial markets, the company said at its interim results in July.

In Man Group's latest update, chief executive Robyn Grew said in July that the company had entered the second half with "strong momentum, supported by Man Group's core strengths: exceptional people, cutting-edge technology, and a genuinely differentiated investment approach".

Shares were up 2.1% at 191.90p by 0920 BST.

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