Man Group posts growth in funds under management on market recovery

British hedge fund manager Man Group on Friday reported a 4.4% rise in funds under management, as it saw a recovery in markets after a steep selloff earlier in the year when most of the world was under coronavirus-induced lockdowns.

Oct 16 (Reuters) - British hedge fund manager Man Group EMG.L on Friday reported a 4.4% rise in funds under management, as it saw a recovery in markets after a steep selloff earlier in the year when most of the world was under coronavirus-induced lockdowns.

FUM as of September-end was $113.1 billion, higher than the $108.3 billion it reported as of June 30.

(Reporting by Muvija M in Bengaluru; editing by Uttaresh.V)

((Muvija.M@thomsonreuters.com; within UK: +44 20 7542 1810, outside UK: +91 80 61822698; Twitter: https://twitter.com/muvija_m;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More