Hedge Funds
Assets under management at global hedge fund manager Man Group fell in the first half as investment losses outweighed a small gain in net new assets. Man Group, which is also home to well-known alternative asset brands GLG, AHL, Numeric and FRM, said on Tuesday that net inflows totaled $1 billion over the period due largely to demand for its quantitative and systematic trading strategies. In the first half of last year, the firm experienced net outflows of $2.6 billion. However, market losses shaved some $2.2 billion from the value of Man’s funds and a further $1.1 billion was lost...