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Opinion
Mark Gilbert

Hedge Fund’s Humans Are Kicking Some Algo Behind

Man Group’s sales team deserves a reward. Its trading algorithms, less so.

It’s humans 1, algorithms 0 at the world’s biggest publicly traded hedge fund.

It’s humans 1, algorithms 0 at the world’s biggest publicly traded hedge fund.

Photographer: Matthew Lloyd/Getty Images

At the world’s biggest publicly traded hedge fund, the human sales team is beating the market-trading computers hands down.

Assets under management at Man Group AG climbed to $113.7 billion in the first half of the year. That’s testament to the persuasive powers of its sales force. Sales climbed to almost $20 billion, up 14 percent compared with the year-earlier period.