Man Group sees FuM rise, but AHL struggles continues

Man Group, the hedge fund manager which has seen its share price plummet over the last two months, has reported a slight increase in funds under management (FuM) in the first quarter.

Man Group, the hedge fund manager which has seen its share price plummet over the last two months, has reported a slight increase in funds under management (FuM) in the first quarter.

FuM at March 31st was $59bn, up from the $58.4bn reported at the end of the previous financial year, but lower than the $64.5bn reported at the end of September 2011. The group said it managed to reduce net outflows during the quarter and saw a positive investment movement of $2bn with strong performance in its GLG strategies.

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