Hedge Fund Company Man Group Brings in $1.1 Billion From Clients in First Quarter

Man Group raked in more than $1 billion in inflows into its funds in the first quarter, the company said Wednesday, a sign that demand from investors is returning after a difficult year for hedge-fund strategies in 2022.

The London-based company said its assets under management rose to $144.7 billion in March from $143.3 billion at the end of last year. The increase came from clients allocating a net $1.1 billion to its funds, along with $700 million in performance gains. The company said positive currency moves were hit by performance-linked leverage movements.

Man Group’s shares, which are listed in London, rose about 2% Wednesday afternoon...

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