Man Group pulled in more than $1 billion in inflows into its funds in the first quarter, amid wider outflows from the hedge fund industry as the sector struggled with surging volatility and fears of a banking crisis.
Man Group pulled in more than $1 billion in inflows into its funds in the first quarter, amid wider outflows from the hedge fund industry as the sector struggled with surging volatility and fears of a banking crisis.
According to a statement issued on Wednesday, the world’s largest listed hedge fund firm saw clients allocate a net $1.1 billion to its funds in the first three months of the year, ahead of analyst estimates. Performance gains of $700 million over the quarter saw total assets under management increase to $144.7 billion.
By comparison, new data released by fund administration company Citco, reveals that the wider hedge fund industry saw net outflows of $4.8 billion in the first quarter.
