Man Group AUM jumps to $213.9 billion on strong inflows and performance

Man Group's assets under management rose to $213.9 billion in the third quarter, boosted by strong investment performance and significant client inflows into its long-only funds.

The London-based investment manager said its AUM increased from $193.3 billion at the end of June.

According to a trading statement, the growth was driven by $10 billion in investment gains and $9.7 billion in net new money from clients.

The company's long-only strategies were the primary recipient of new funds, attracting $10.7 billion during the quarter, split between its systematic and discretionary funds.

This offset net outflows of $1 billion from its alternative strategies, which include its absolute return funds.

Investment performance was also led by the long-only division, which generated gains of $6.7 billion, while alternative strategies contributed $3.3 billion in positive performance.

The reported assets do not include the acquisition of Bardin Hill, which the company said was completed on Oct. 1.