Man Group has reported results for 2016, showing that funds under management rose 3% to $80.9bn by the end of December. Net inflows and funds in alternative quantitative strategies were up by a larger amount, but the effects of FX movements and other factors limited the overall increase in funds under management. Net inflows were […]
Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.
Pressure for consolidation in the $600bn fund of hedge funds industry is mounting, leaving managers who run less than about $3bn to face a struggle for survival amid shrinking assets and rising costs.
Carey Olsen announced it had advised FRM on the Jersey legal aspects of its recent acquisition by Man Group, which involved a Jersey scheme of arrangement.