Man Group Plc, the world’s largest publicly traded hedge fund, reported record assets under management of $213.9bn in the three months to the end of September, driven by strong inflows into long-only strategies and a recovery in flagship quant funds, according to a report by Bloomberg.
Net inflows of $9.7bn more than offset outflows from alternative offerings, beating analyst expectations of $1.7bn, while total assets exceeded the consensus forecast of $201.7bn. The firm credited rising client demand for long-only products and improved market conditions following the volatility earlier this year triggered by US trade tensions.
Quant strategies also bounced back. AHL Alpha, Man Group’s flagship systematic fund, gained 7.6% in Q3, trimming its year-to-date loss to just 0.8%.
Under CEO Robyn Grew, the first female chief executive in the firm’s 242-year history, Man Group has undertaken a major restructuring drive, consolidating discretionary trading units, eliminating underperforming house brands, and reshuffling leadership. The firm has also broadened its product suite with the launch of actively-managed bond ETFs, signalling an ongoing diversification of offerings beyond traditional hedge fund strategies.
