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Man Group Outflows Rise to $2.2 Billion Amid ‘Subdued’ Sales

Bloomberg – Man Group Plc (EMG), the world’s biggest publicly traded hedge-fund manager, said outflows increased 57 percent in the third quarter amid an environment for sales Chief Executive Officer Peter Clarke called “subdued.”

Clients pulled a net $2.2 billion from the firm, up from $1.4 billion in the second quarter, the London-based firm said in a statement today. Customers redeemed $5.2 billion from Man Group’s investment funds, compared with $3 billion of sales.

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