Man Group, the world’s largest listed hedge fund firm, has reported strong H1 results, including positive investment performance of $11.1bn – a 2.1% increase relative to peers – and net inflows of $0.9bn, surpassing the industry average by 1.8%.
AUM increased to $178.2bn as of 30 June, up from $167.5bn at the end of 2023, while core profit before tax totalled $257m in H1. Core management fee EPS grew by 26%.
Run-rate net management fees, meanwhile, reached $1.13bn, and core performance fees amounted to $170m, driven by both alternative and long-only strategies.
Man Group’s statutory EPS (diluted) was 13.8¢, while the core EPS (diluted) stood at 17.1¢.
In a press statement, Man Group’s CEO, Robyn Grew, emphasised the firm’s strong start to the year and its commitment to delivering value to clients amidst challenging market conditions.
She said: “We generated investment performance of $11.1bn, with a broad range of our strategies contributing. Our flagship multi-strategy alternative offering gained 13.3%.”
The firm also saw strong growth in liquid credit strategies, with US direct lending progressing as expected, and launched initiatives to distribute high-investment content via its wealth channel.
Looking ahead, Grew expressed confidence in the firm’s ability to navigate the second half of the year, stating: “Our business is in great shape going into the second half of the year. We offer a diversified range of investment strategies and solutions, underpinned by our high-quality talent and cutting-edge technology.”
