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Hedge Fund’s Humans Are Kicking Some Algo Behind

by bloomberg.com posted 9months ago 35 views
At the world’s biggest publicly traded hedge fund, the human sales team is beating the market-trading computers hands down. Assets under management at Man Group AG climbed to $113.7 billion in the first half of the year. That’s testament to the persuasive powers of its sales force. Sales climbed to almost $20 billion, up 14 percent compared with the year-earlier period. Almost every category that Man offers its customers, including absolute return, systematic and discretionary, attracted more money from customers. Net inflows rose to a record $8.3 billion.

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