Man Group reports record assets under management

(Sharecast News) - Man Group reported record assets under management of $193.3bn as at the end of June on Wednesday, boosted by strong net inflows across its long-only and multi-strategy offerings, despite a challenging environment for trend-following strategies that weighed on earnings.

The FTSE 250 group posted net inflows of $17.6bn in the first half, outperforming the industry by 11.5%, and delivered positive investment performance of $2.5bn.

However, core diluted earnings per share fell to 9.7 cents from 17.1 cents a year earlier, while statutory earnings per share dropped to 4.4 cents from 13.8 cents.

Core performance fees came in at $67m, and run-rate net management fees held steady at $1.06bn.

Net tangible assets declined to $674m, from $867m at the end of 2024, reflecting share buybacks and ongoing investment activity.

The interim dividend was maintained at 5.7 cents per share.

"During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6bn, 11.5% ahead of the industry," said chief executive Robyn Grew.

"These outcomes highlight the strength of our global platform, and the deepening trust our clients place in us as a strategic partner with broad investment capabilities and extensive experience across multiple market cycles."

Grew acknowledged that the period had been "one of the most challenging" for trend-following strategies in 25 years but reaffirmed the group's long-term conviction in their role within allocator portfolios.

"While our results reflect those headwinds, they also serve to validate our strategy and underscore the value of the diversification we continue to build across our business."

Man Group highlighted continued progress on its strategic goals, including the acquisition of Bardin Hill to bolster its credit capabilities and expand its US footprint.

Total credit assets under management rose to $42.7bn, while the Asteria wealth joint venture raised an additional $1.1bn.

The group also said it was actively managing costs and reallocating resources to growth initiatives, with further investment in technology and generative AI to drive efficiency.

As of 28 July, Man Group said it had completed $65m of the $100m share buyback announced in February.

Grew said the company entered the second half with "strong momentum", supported by its core strengths of people, technology, and differentiated investment approach.

At 1026 BST, shares in Man Group were up 0.46% at 176.3p.

Reporting by Josh White for Sharecast.com.

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