Man Group assets under management reached an all-time high in the last quarter on the back of $700m net inflows into its strategies and the acquisition of US private credit manager Varagon Capital Partners.
In a trading statement today (19 October), the alternatives giant reported its AUM had grown to $161.2bn at 30 September, up 6.2% from $151.7bn at the end of June 2023. In the three months to the end of September, the firm's absolute return strategies attracted the highest amount of interest from clients, with $1.1bn net inflows, followed by discretionary long-only strategies at $500m. Man Group completes acquisition of Varagon Partners The firm's alternatives business grew by $10.9bn during the period, thanks to $700m in net inflows and $300m in total returns with $9.9bn attribute...
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