Man Group AUM Hits Record 270.9 Billion
Man Group reported assets under management reached a record 270.9 billion dollars at the end of September. Volatile global markets helped drive significant inflows for the hedge fund.
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Man Group plc reported assets under management rose 6.8% to a record $270.9 billion in the third quarter, driven by market volatility. Shares of the hedge fund climbed 3% on Friday morning following the announcement. The record AUM surpassed the company-compiled consensus of $263 billion, according to Citi analysts.
