Media. News and press releases from across Man Group.

Trading statement for the quarter ended 31 March 2019

11 April 2019

Key points

  • Funds under management (FUM) of $112.3 billion at 31 March 2019 (31 December 2018: $108.5 billion)
    • Positive investment movement of $4.5 billion in the quarter
    • Net outflows of $0.7 billion in the quarter
  • Completed around $65 million of the $100 million share repurchase programme announced in October 2018 equating to around 36 million shares at an average price of 140 pence per share
  • Proposed change to corporate structure remains on track with necessary approvals now received from regulators and approvals from shareholders to be sought in May 2019

 

Luke Ellis, Chief Executive Officer of Man Group, said:

“We are pleased to report a $3.8 billion increase in our funds under management in the first quarter to $112.3 billion, driven by strong investment performance from our quant alternative strategies and positive market movements. The investment performance more than offset the previously indicated outflows in the quarter, which were concentrated in discretionary long only, including European retail investors reducing exposure to Japan and institutional clients reducing exposure to global equities. While we expect clients to continue adjusting their portfolio allocations during the second quarter, we see ongoing engagement with clients on new mandates and, in particular, continuing strong demand for our total return strategies.”

 

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