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Man Group Sees $28.2billion Increase In Funds Under Management

Listed UK hedge fund Man Group announced its full year results for 2017 today. Amongst the highlights: - Funds under Management (FUM)1 up 35% to $109.1 billion (31 December 2016: $80.9 billion) - Net inflows of $12.8 billion (2016: net inflows $1.9 billion) - Positive investment movement of $10.7 billion (2016: $3.2 billion) - Aalto acquisition added $1.8 billion - FX translation and other movements of $2.9 billion (2016: -$2.9 billion) - 11 basis point reduction in the Group net management fee margin1 compared to 2016 driven by strong FUM growth in lower margin strategies. Group run rate net management fee margin1 of 72 basis points...