The Globe and Mail – Man Group boasted stronger than expected inflows in its first quarter as demand from investors keen to profit from bleak financial markets helps the world’s biggest listed hedge fund manager accelerate its own belated recovery from the credit crisis.
Man, which only began winning back investors earlier this year after two years of outflows, reported net inflows of $3.7-billion (U.S.) for the first quarter of its financial year, up from $700-million in the three months to end-March.
