Media. News and press releases from across Man Group.

29 February 2024

Continued net inflows reflecting demand for our range of investment strategies 

• Record assets under management (AUM) of $167.5 billion (31 December 2022: $143.3 billion)
• Net inflows of $3.0 billion for the year ended 31 December 2023, 4.9% ahead of the industry^[KPI]
• Asset weighted relative investment outperformance versus peers across our strategies of 1.6%^[KPI]

Resilient core management fee EPS of 18.4¢ highlighting the merits of our diversified business model

• Run rate net management fees of $1,087 million (31 December 2022: $917 million)
• $180 million of core performance fees, from across our investment divisions (2022: $779 million)
• Statutory EPS (diluted) of 19.4¢ (2022: 45.8¢) and core EPS (diluted) of 22.4¢^[KPI] (2022: 48.7¢) 

Unchanged capital policy balancing growth in the business alongside consistent shareholder returns

• 4% increase in the total dividend per share to 16.3¢, in line with our progressive dividend policy 
• Intention to repurchase up to $50 million of shares
• Net financial assets of $555 million (31 December 2022: $983 million)

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

"2023 was a year that defied market expectations as the world grappled with macroeconomic uncertainty and unforeseen geopolitical events. Against that backdrop, I’m pleased to report a solid set of results for Man Group. Our strategies delivered positive relative investment performance of 1.6% and we recorded a net inflow of client capital of $3.0 billion, 4.9% ahead of the industry. Our assets under management ended the year at $167.5 billion, a 17% increase compared with the beginning of the year. These results reflect the quality of the business we have built, including the breadth and depth of our client relationships, and the merits of our diversified product offering."

"We have built trusted partnerships with sophisticated allocators globally, enabling us to gain a deep understanding of their needs and challenges. This contributed to the considerable progress we made during the year, and informed our strategy going forward. Beyond driving investment performance, our priorities are to continue expanding our investment capabilities, to extend our reach with clients across new and existing geographies and market segments, and to leverage our strengths and scale to deliver more customised solutions."

"Man Group has existed for well over 200 years and has done so by continuously innovating and responding to the needs of our clients. Our ambition is to be an indispensable partner to sophisticated investors globally, delivering the investment performance and solutions they need. I have great confidence that our world class talent and technology will allow us to achieve this, to the benefit of our clients and our shareholders."

‘Core’ measures are alternative performance measures. For a detailed description of our alternative performance measures, including non-core items, please refer to pages 58 to 63. For details of key performance indicators ([KPI]), refer to page 11.