{"id":42036,"date":"2014-05-09T07:20:26","date_gmt":"2014-05-09T11:20:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42036"},"modified":"2014-05-09T07:24:48","modified_gmt":"2014-05-09T11:24:48","slug":"man-group-fum-at-55-billion-in-q1-hedge-fund-inflows","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2014\/man-group-fum-at-55-billion-in-q1-hedge-fund-inflows.html","title":{"rendered":"Man Group FUM At $55 Billion In Q1, Hedge Fund Inflows"},"content":{"rendered":"

\"images<\/a>New York (HedgeCo.Net) – Hedge fund investor Man Group reported funds under management (FUM) at 31 March 2014 standing at $55.0 billion (31 December 2013: $54.1 billion). The hedge fund giant also reported\u00a0inflows in the quarter of $2.0 billion, comprising sales of $6.5 billion and redemptions of $4.5 billion with net inflows into GLG alternatives and long only funds being partially offset by net outflows from FRM funds and guaranteed products.<\/p>\n

\u201cThe market environment in the first quarter has been particularly challenging and March was a very difficult month for the industry. In this context, performance across the firm was reasonable on a relative basis.” Manny Roman, Chief Executive Officer of Man, said. “Whilst we are pleased to have recorded a solid quarter of net inflows, we remain cautious in our outlook for asset flows for the rest of the year given recent mixed absolute investment performance.”<\/p>\n

However, overall investment movement of negative $0.7 billion in the quarter,\u00a0AHL Diversified programme was down 2.2% in the quarter which was the main driver of the negative investment movement of $0.3 billion in Quant alternatives strategies.<\/p>\n