(Reuters) British hedge fund manager Man Group (EMG.L) on Tuesday posted a 3 percent fall in funds under management in the first half of the year as investment losses and other market moves more than offset a small rise in net inflows. Asset managers have faced a tough year so far due to uncertain global growth. Man has joined rivals Aberdeen Asset Management (ADN.L) and Ashmore (ASHM.L) in seeing investors pull money from funds betting on rising equity prices.
The world’s biggest listed hedge fund manager said it had seen net inflows of $1 billion over the period, compared with outflows of $2.6 billion a year earlier, helped by strong demand for its systematic AHL strategies.
