Man Group reports uptick in assets under management

(Sharecast News) - Man Group reported assets under management of $228.7bn as at 31 March on Thursday, up from $227.6bn at the end of December, as positive investment performance more than offset net outflows in the first quarter, while the alternative investment manager also separately corrected previously disclosed ESG-integrated AUM figures in its 2025 annual report.

The FTSE 250 group said total AUM rose by $1.1bn over the quarter, with $3.1bn of investment gains offsetting net outflows of $1.6bn and a $0.4bn negative impact from other movements.

It said the outflows included a $6.1bn redemption from a single client in systematic long-only equity.

Alternative AUM increased to $106.9bn from $103.9bn, helped by $3.0bn of investment performance, despite net outflows of $1.0bn.

Within that, liquid alternative AUM rose to $89.8bn from $86.8bn, while private market AUM was unchanged at $17.1bn.

Long-only AUM slipped to $121.8bn from $123.7bn, as long-only equity fell to $86.4bn from $90.0bn, partly offset by an increase in long-only credit to $35.4bn from $33.7bn.

By product category, Man said solutions AUM rose to $33.6bn from $32.0bn, risk premia increased to $15.3bn from $14.7bn, and private credit edged up to $13.5bn from $13.0bn.

Systematic long-only equity AUM fell to $68.7bn from $72.8bn, reflecting the sizable client redemption, while discretionary long-only equity increased to $17.7bn from $17.2bn.

Performance across a number of flagship strategies was positive in the quarter.

AHL Alpha returned 5.7% net of fees over the three months to 31 March, AHL Dimension gained 5.6%, and Man Alternative Risk Premia returned 4.7%.

In long-only equity, Man Japan CoreAlpha Equity returned 5.0%, while Numeric Emerging Markets Core gained 2.0%.

In credit, Man High Yield Opportunities returned 0.4%, while Man Global Investment Grade Opportunities fell 0.1%.

In a separate statement, Man said the ESG-integrated AUM figures published on page 21 of its annual report for the year ended 31 December should have been $103.9bn as at 31 December 2025, $60.6bn as at 31 December 2024 and $41.8bn as at 31 December 2023.

The firm said the correction followed "an internal process review resulting in a reclassification of a non-statutory metric" and added that it did not affect previously reported overall AUM figures, individual fund-level classifications or prior remuneration outcomes.

Man also reminded shareholders that the deadline for submitting proxy votes for resolutions at its 2026 annual general meeting is 1600 BST on 5 May.

At 0857 BST, shares in Man Group were down 4.3% at 253.6p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate

Man