Scotsman – The world’s largest listed hedge fund firm Man Group said on Thursday its funds under management had risen to $45.8 billion (25.9 billion pounds) from $44.4 billion at the end of September.
Sales in the three months to end-December were estimated at $2.1 billion at the
UK-based group. Of that total, private investors accounted for $1.6 billion and institutions $0.5 billion.
Redemptions for the same period totalled $1.4 billion, of which private investors accounted for $0.7 billion.
Performance of the company’s funds added $0.6 billion to the growth in assets under management and currency adjustments made up the difference.
