Bumper performance fees fuel Man Group shares surge

Related Topics

Listed hedge fund Man Group saw the price of its shares surge by up to 10% in early trading on Tuesday as news that earning from performance fees last year hit their highest level since before the global financial crisis of 2008, according to a report by Reuters.

Man Group's fees grew by 6% to $779 million in 2022 – 25% higher than analyst forecasts – as the London-based firm's funds took advantage of trading opportunities produced by falling stocks and bond markets and a raft of central bank rate hikes.

AUM in the year to end-December 2022 fell by 4% to $143.3 billion but remained ahead of analyst forecasts after a final quarter rise in net inflows.

Author Profile