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Credit at Man Group

One platform for public, private and alternative markets

Specialists in liquid and private markets who offer research-driven quant and fundamental approaches across long-only and alternative strategies.

$39.6 billion

AUM in active credit strategies1

100+

credit professionals

24

years of experience in credit markets

$8.2 trillion

notional traded in 2024 across all strategies at Man Group

Source: Man Group database
1. As at 31 March 2025. AUM includes direct lending assets of Man Varagon. AUM is shown on an unlevered basis. AUM figures will have overlap between liquid and illiquid alternatives.
Credit risk: changes to interest rates and/or issuer defaults will have an impact on the performance of fixed income securities. The issuer of a financial asset may not pay income or repay capital when due.

High-conviction focus

To aim for true alpha, our portfolios incorporate independent and unconstrained investment ideas from teams that focus on absolute, not relative value. Where relevant, our systematic heritage informs our approach.

Experience gleaned over multiple cycles

With a quarter of a century’s experience of investing in credit opportunities across the capital structure, we cover bonds; loans; convertibles; middle market direct lending; credit risk sharing and systematic approaches. We offer exposure to a wide breadth of sectors and regions.

Extensive customisation potential

We leverage Man Group’s more than 30 years of experience providing tailored solutions for client objectives to deliver bespoke enhancements at every layer of portfolio design and construction.

Credit Outlook Q2 2025: Rising Dispersion, Rising Potential

After an extended period of relative calm, volatility has returned to credit markets. Increased dispersion is likely to persist throughout 2025 across sectors, countries and capital structures.

Learn more

Liquid credit

  • Asia corporate
  • Climate transition impact
  • Convertible bonds
  • Emerging market corporate debt
  • Emerging market debt
  • High yield
  • Investment grade
  • Leveraged loans / CLOs
  • Systematic credit

Liquid alternatives

  • Catastrophe bonds
  • Emerging market debt long/short
  • Global long/short
  • Multi-strategy credit
  • Stressed credit
  • Systematic long/short

Private credit

  • Credit risk sharing
  • Direct lending
  • Residential real estate
  • Structured credit

Credit solutions

  • We partner with our clients to create customised solutions across credit sectors

This information is communicated and/or distributed by the relevant Man entity identified below (collectively the "Company") subject to the following conditions and restriction in their respective jurisdictions.

Man Group plc provides investment management services through its subsidiaries including, AHL Partners LLP, GLG LLC, GLG Partners LP, Man Global Private Markets (UK) Limited, Man Global Private Markets (USA) Inc., Man Investments Australia Limited, Man Solutions Limited, Man Solutions LLC, Numeric Investors LLC, and Varagon Capital Partners LP (“the Investment Managers”), which are regulated in their respective jurisdictions. In the US, the Investment Managers are registered as investment advisors with the US Securities and Exchange Commission (“SEC”). AHL Partners LLP, GLG LLC, GLG Partners LP, Man Solutions Limited, Man Solutions LLC, and Numeric Investors LLC are also registered as Commodity Pool Operators (‘CPO’), with the Commodity Futures Trading Commission (“CFTC”) and are members of the National Futures Association (“NFA”’). AHL Partners LLP and Man Solutions LLC are also registered as Commodity Trading Advisors with the CFTC. This material has been prepared by one of more of the Investment Managers. 

Opinions expressed are those of the author and may not be shared by all personnel of Man Group plc (‘Man’). These opinions are subject to change without notice, are for information purposes only and do not constitute an offer or invitation to make an investment in any financial instrument or in any product to which the Company and/or its affiliates provides investment advisory or any other financial services. Any organisations, financial instrument or products described in this material are mentioned for reference purposes only which should not be considered a recommendation for their purchase or sale. Neither the Company nor the authors shall be liable to any person for any action taken on the basis of the information provided. Some statements contained in this material concerning goals, strategies, outlook or other non-historical matters may be forward-looking statements and are based on current indicators and expectations. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements. The Company and/or its affiliates may or may not have a position in any financial instrument mentioned and may or may not be actively trading in any such securities. Unless stated otherwise all information is provided by the Company. Past performance is not indicative of future results.The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Alternative investments can involve significant additional risks.

Unless stated otherwise this information is communicated by the relevant entity listed below.

Australia: To the extent this material is distributed in Australia it is communicated by Man Investments Australia Limited ABN 47 002 747 480 AFSL 240581, which is regulated by the Australian Securities & Investments Commission ('ASIC'). This information has been prepared without taking into account anyone’s objectives, financial situation or needs.

Austria/Germany/Liechtenstein: To the extent this material is distributed in Austria, Germany and/or Liechtenstein it is communicated by Man (Europe) AG, which is authorised and regulated by the Liechtenstein Financial Market Authority (FMA). Man (Europe) AG is registered in the Principality of Liechtenstein no. FL-0002.420.371-2. Man (Europe) AG is an associated participant in the investor compensation scheme, which is operated by the Deposit Guarantee and Investor Compensation Foundation PCC (FL-0002.039.614-1) and corresponds with EU law. Further information is available on the Foundation's website under www.eas-liechtenstein.li.

European Economic Area: Unless indicated otherwise this material is communicated in the European Economic Area by Man Asset Management (Ireland) Limited (‘MAMIL’) which is registered in Ireland under company number 250493 and has its registered office at 70 Sir John Rogerson's Quay, Grand Canal Dock, Dublin 2, Ireland. MAMIL is authorised and regulated by the Central Bank of Ireland under number C22513.

Grand Canal Dock, Dublin 2, Ireland. MAMIL is authorised and regulated by the Central Bank of Ireland under number C22513.

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Japan: To the extent this material is distributed in Japan it is communicated by Man Group Japan Limited, Financial Instruments Business Operator, Director of Kanto Local Finance Bureau (Financial instruments firms) No. 624 for the purpose of providing information on investment strategies, investment services, etc. provided by Man Group, and is not a disclosure document based on laws and regulations. This material can only be communicated only to professional investors (i.e. specific investors or institutional investors as defined under Financial Instruments Exchange Law) who may have sufficient knowledge and experience of related risks.

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  • For Clients (as such term is defined in the Swiss Financial Services Act): Man Investments (CH) AG, Huobstrasse 3, 8808 Pfäffikon SZ, Switzerland. Man Investment (CH) AG is regulated by the Swiss Financial Market Supervisory Authority (‘FINMA’); and
  • For Financial Service Providers (as defined in Art. 3 d. of FINSA, which are not Clients): Man Investments AG, Huobstrasse 3, 8808 Pfäffikon SZ, Switzerland, which is regulated by FINMA.

United Kingdom: Unless indicated otherwise this material is communicated in the United Kingdom by Man Solutions Limited ('MSL') which is a private limited company registered in England and Wales under number 3385362. MSL is authorised and regulated by the UK Financial Conduct Authority (the 'FCA') under number 185637 and has its registered office at Riverbank House, 2 Swan Lane, London, EC4R 3AD, United Kingdom.

United States: To the extent this material is distributed in the United States, it is communicated and distributed by Man Investments, Inc. (‘Man Investments’). Man Investments is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority (‘FINRA’). Man Investments is also a member of the Securities Investor Protection Corporation (‘SIPC’). Man Investments is a wholly owned subsidiary of Man Group plc. The registration and memberships described above in no way imply a certain level of skill or expertise or that the SEC, FINRA or the SIPC have endorsed Man Investments. Man Investments Inc, 1345 Avenue of the Americas, 21st Floor, New York, NY 10105.

This material is proprietary information and may not be reproduced or otherwise disseminated in whole or in part without prior written consent. Any data services and information available from public sources used in the creation of this material are believed to be reliable. However accuracy is not warranted or guaranteed. © Man 2025