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...