(Bloomberg) Man Group Plc, the world’s largest publicly traded hedge-fund firm, climbed by more than 10 percent in London trading after third-quarter asset growth beat estimates.
Net inflows at Man Group were $1.3 billion in the third quarter as investors allocated money to its computer-driven hedged and long only funds, the firm said in a statement Friday. Sales of $6 billion more than offset $4.7 billion in redemptions. Assets under management rose to $80.7 billion from $76.4 billion at the end of June.
