Man Group Q3 outflows hit $5.5bn, AuM falls
Man Group
211.20p
12:09 17/10/24
-1.22%
-2.60p
Investment management group Man Group posted Q3 outflows of $5.5bn on Thursday, worse than the $5.1bn it had forecast, after one of its clients withdrew its funds in order to invest passively.
Financial Services
16,266.43
12:09 17/10/24
1.02%
163.79
FTSE 250
21,103.38
12:10 17/10/24
n/a
n/a
FTSE 350
4,616.60
12:10 17/10/24
n/a
n/a
FTSE All-Share
4,572.15
12:10 17/10/24
n/a
n/a
Man Group also said assets under management fell to $174.9bn as of 30 September, down from $178.2bn a year earlier, principally due to outflows related to a single client in its systematic long-only strategies fund.
As of 0900 BST, Man Group shares were down 2.43% at 208.60p.
Reporting by Iain Gilbert at Sharecast.com