(Tiper Stock Exchange) – Man Groupa British asset manager, finished 2022 with Assets under management (AUM) of $143.3 billion, up from $138.4 billion as of September 30, 2022 and down 4% from $148.6 billion as of December 31, 2021. The company reported a Net income for the full year of $608 million, up 25% over the prior year.
“Our unwavering focus on building strong relationships with clients globally, coupled with the range of innovative investment strategies and solutions we offer, resulted in net inflows of $3.1 billion during the year,” commented the CEO Luke Ellis – This despite clear headwinds elsewhere in the wealth management industry Our investment strategies provided a valuable alpha to our clients, generating 1.4% relative outperformance overall; Our absolute return strategies have performed particularly well, resulting in a 4% increase in assets under management from alternatives.”
(Photo: Photo by Nicholas Cappello on Unsplash)