(Reuters) British hedge fund firm Man Group said on Thursday that investment gains pushed its funds under management up to $112.3 billion (£85.8 billion) in the first quarter from $108.5 billion at the end of December. Man Group said positive investment movement of $4.5 billion, partially offset by net outflows of $0.7 billion, helped assets rise by 3.5 percent. Investors withdrew $8.6 billion from the firm in the quarter, particularly from the absolute return and discretionary long-only strategies, while it received $7.9 billion in fresh investments.
Market Gains Push Man Group Assets Up 3.5 Percent in First Quarter
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