Man Group Assets Hit a New High as Clients Add $13.7 Billion
- Firm managed $148.6 billion at the end of 2021 after inflows
- Shares are down so far this year after surging 64.8% in 2021
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Man Group Plc said assets hit another record at the end of last year, bolstered by $13.7 billion in net inflows and performance gains in signs hedge fund industry is making a comeback.
The world’s largest publicly listed hedge fund firm managed $148.6 billion at the end of December and its money pools generated $12.5 billion in performance gains last year, according to a statement Tuesday. Assets, which hit a fifth successive quarterly record, and net inflows both beat a consensus of analysts polled by the company.