London-based Man Group, a major player in the financial industry, announced a modest increase of approximately 1% in assets under management, reaching $168.6 billion by the year-end of December 30th. This aligns closely with analysts' expectations of $171.6 billion. The company reported net outflows of $3.3 billion for 2024, attributed to significant outflows of $7.0 billion in the third quarter of the same year.
In response to heightened market volatility and a notable surge in long-term rates at the beginning of the year, hedge funds increased their leverage to elevate trading activities to new levels throughout 2024.
CEO Robyn Grew expressed satisfaction with the company's performance amid market fluctuations, stating, "In another volatile year for markets, we delivered good performance for our clients, with all our product categories contributing positively."