Man Group hit by single USD6 billion redemption in first quarter

(Alliance News) - Man Group PLC on Thursday reported unexpected net outflows in the first three months of 2026, including an eye-watering USD6.1 billion redemption by a single client.

The London-based investment management firm reported net outflows of USD1.6 billion in the quarter compared to market consensus, cited by JPMorgan, for net inflows of USD1.8 billion.

Outflows included a USD6.1 billion redemption from a single client in long-only systematic equity, Man Group said.

Long-only equity saw net outflows of USD2.8 billion overall, with long-only credit posting inflows of USD2.2 billion.

JPMorgan said it is the first negative quarter for net flows at Man Group since the third quarter of 2024.

Despite the net outflows, assets under management edged up by 0.5% to USD228.7 billion at March 31 from USD227.6 billion at the end of 2025, though was below USD231.1 billion market consensus.

The increase in AuM was thanks to GBP3.1 billion in positive investment performance.

Shares in Man Group were 7.2% lower at 246.00 pence each in London on Thursday. The stock remains up 50% over the past 12 months.

By Jeremy Cutler, Alliance News reporter

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