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Reuters
Reuters
Business

Man Group third-quarter assets up 0.4 percent on inflows

LONDON (Reuters) - Hedge fund Man Group's funds under management rose 0.4 percent in the third quarter, helped by positive investment movement and net inflows.

Total assets under management hit $114.1 billion at the end of September, up from $113.7 billion at the end of the prior quarter, the world's largest listed hedge fund said in a trading statement on Friday.

Man also announced a proposal to incorporate a new group holding company in Jersey, which will be subject to shareholder approvals.

(Reporting by Maiya Keidan; editing by Simon Jessop)

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