Record inflows help Man Group surpass $100bn
HEDGE fund house Man Group has broken through the $100bn under management barrier, as it yesterday reported record inflows over 2017 and results which exceeded expectations.
Funds under management swelled by 35 per cent over 2017 to $109.1bn (£79bn), thanks to record net inflows of $12.8bn.
Meanwhile Man's profit before tax flew in at $384m, nine per cent ahead of consensus expectations and 87 per cent higher than last year.
However, the group's chief executive Luke Ellis did ...