Man Group funds under management decline in 1H

Forbes – Man Group PLC, the world’s largest publicly traded hedge fund, said Thursday that funds under management declined in the first half despite a recent growth in private investor sales.

The group said it had $43.3 billion in funds under management on June 30, down from $44 billion at the end of May and $46.8 billion on March 31.

Private investor sales in the three months ending June 30, the company’s first quarter, were $3.4 billion, producing a net inflow of $1.9 billion. However, institutional sales amounted to just $300 million, with a net outflow of $3.3 billion.

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