Media. News and press releases from across Man Group.

30 July 2025

Key points

Strong net inflows demonstrate the benefits of our diversified investment strategies and solutions

• Record AUM¹ of $193.3 billion as at 30 June 2025 (31 December 2024: $168.6 billion)
• Net inflows of $17.6 billion, 11.5% ahead of the industry^[KPI], driven by our long-only range
• Positive investment performance of $2.5 billion, 1.2% behind peers^[KPI]

Resilient core management fee EPS (diluted) of 8.5¢ despite exceptional market conditions for trend-following strategies

• Run-rate net management fees of $1,055 million as at 30 June 2025 (31 December 2024: $1,058 million)
• Core performance fees of $67 million, driven by multi-strategy alternative and long-only offerings
• Statutory EPS (diluted) of 4.4¢ (H1 2024: 13.8¢) and core EPS (diluted) of 9.7¢ (H1 2024: 17.1¢)^[KPI]

Robust balance sheet and liquidity positions support our disciplined capital allocation policy

• Net tangible assets of $674 million as at 30 June 2025 (31 December 2024: $867 million)
• $65 million of the $100 million share buyback announced in February was complete as at 28 July
• Recommended interim dividend of 5.7¢ per share

Significant progress against our multi-year strategic priorities, including:

• Sustained growth in our credit platform, with total AUM of $42.7 billion as at 30 June 2025
• Acquisition of Bardin Hill, advancing our strategic ambitions in credit and North America
• Good momentum in wealth distribution, raising a further $1.1 billion through the Asteria JV
• Active cost management, with resources reallocated to strengthen our commitment to key growth initiatives
• Continued investment in technology, focusing on generative AI capabilities to drive efficiency and scale

Robyn Grew, Chief Executive Officer of Man Group, said:

“During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion, 11.5% ahead of the industry. These outcomes highlight the strength of our global platform, and the deepening trust our clients place in us as a strategic partner with broad investment capabilities and extensive experience across multiple market cycles.

“I am proud of the team’s strong progress against our strategic priorities, including the acquisition of Bardin Hill, which will further strengthen our fast-growing credit platform and US presence. It proved to be one of the most challenging periods for trend-following strategies in 25 years; however, their intrinsic properties and long-term track record give us a high degree of conviction in the role they play in allocators' portfolios. While our results reflect those headwinds, they also serve to validate our strategy and underscore the value of the diversification we continue to build across our business.

“We enter the second half of the year with strong momentum, supported by Man Group's core strengths: exceptional people, cutting-edge technology, and a genuinely differentiated investment approach. I am confident these fundamentals will continue to position us as the long-term partner of choice for allocators worldwide as they adapt to this period of paradigm shift in global markets."

This document should be read in conjunction with the content and definitions included in the 2024 Annual Report.
‘Core’ measures are alternative performance measures. For a detailed description of our alternative performance measures, including non-core items, please refer to pages 29 to 37.
[KPI] Details of key performance indicators can be found in the 2024 Annual Report.
1. Assets under management.