Man Group Collects $3.7 Billion Investments in Three Months

July 7, 2011 James Heinsman Hedge Fund News

According to Man Group PLC, $3.7 billion were invested in its fund over the last three months. The firm explained that the transactions removed $1.1 billion from its assets, including a 0.6% decline in its AHL managed-futures strategy, which was worth $23.9 billion.

“Current markets are creating challenging performance conditions for most asset classes, and our assumption is that investor sentiment will remain patchy over the summer months,” said Chief Executive Peter Clarke.

However, analysts will undoubtedly be encouraged by record sales of over $9 billion in three months, as well as the increase in assets from $69 billion at the end of March. Man Group shared that a fund linked to AHL, which marketed to Japanese investors, raised more than $2 billion, and a multi-strategy fund raised an additional $400 million.

The base of $71 billion implies that the firm is currently managing double the amount that it did last year. $24 billion assets were gained in October, when it acquired GLG Partners.

Hedge Funds, investments, Man Group, Peter Clarke,

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