Man Group shares surge as assets hit record $253bn
Shares in Man Group surged on Tuesday morning after the group posted record assets under management and a recovery in performance fees.
Shares in the FTSE 250 hedge fund increased six per cent to 318p per share. The stock has rocketed 36.5 per cent since January.
Core net revenue hit $853m, while core performance fee revenue increased to $207m in the first six months of the year, up from $67m in the same period of last year.
The group credited the uptick to strong growth in assets under management and a jump in net inflows, a sharp reversal from its 2025 performance which saw analysts downgrade its share price target.
Assets rose to $253.6bn in the first six months of the year, up from the $227.6bn recorded at the end of the last financial year.
Net inflows increased to $7.1bn, 3.4 per cent ahead of the wider industry. Net flows were recorded across all categories but momentum was “particularly notable” in its long-only range.
Core profit before tax reached $297m, seven per cent ahead of analyst forecasts.
The investment firm also recorded a positive investment performance of $19.8bn, up 0.4 per cent compared to market peers.
The group completed $29m of its $50m share buyback programme which was launched in May. The board recommended an interim dividend of 5.7 cents per share.
Extending its reach
Robyn Grew, chief executive officer of Man Group, credited the wide growth to its “deliberate multi-year investments into the business”.
“We are now seeing the benefits compound into broad-based growth,” she said.
“In short, our strategy is working. We will continue to invest in the firm to extend our edge, scaling our credit, quant equity, and multi-strat capabilities to deepen the relationships we have with allocators globally.”
Man Group also accelerated its AI transformation, which has seen the firm integrate the use of large language models and other agents into its business.