West Palm Beach (HedgeCo.net)- Global Hedge fund Man Group has increased their assets under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008.
"Demand for our fund products has remained strong, both from private investors and institutions, with sales in our first quarter to 30 June 2008 totalling $5.0 billion." Jon Aisbitt, Chairman of Man Group said in a statement, "This success in asset raising reflects the Group’s broad geographic presence and the continued attraction of conservatively structured alternative investment products."
Overall product performance was positive, with AHL, Glenwood, Man Global Strategies, and RMF all showing positive returns. Redemptions for the three months to 30 June 2008 totaled $2.5 billion, of which private investor were $1.5 billion.
Man is one of the worlds largest alternative investment management companies, originaly founded in 1783, Man is now ranked in the top 40 companies of the FTSE 100 Index with a market capitalisation of about $20 billion.
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