Man Group reported assets under management of $228.7bn at the end of March, up slightly from $227.6bn in December, as investment gains offset net outflows during the first quarter, according to Financial Times.
The firm said AUM increased by $1.1bn over the period, driven by $3.1bn of positive performance, which was partly offset by $1.6bn of net outflows and a small negative impact from other movements. Outflows included a $6.1bn redemption from a single systematic long-only equity client.
Alternative AUM rose to $106.9bn from $103.9bn, supported by investment gains despite $1.0bn of outflows. Within this, liquid alternatives increased to $89.8bn, while private markets remained steady at $17.1bn. Long-only AUM declined to $121.8bn from $123.7bn, reflecting a drop in equities, partially offset by growth in credit.
Across strategies, performance was broadly positive. AHL Alpha and AHL Dimension both returned over 5% in the quarter, while Man Alternative Risk Premia gained 4.7%. In equities, Japan CoreAlpha delivered 5.0%, while Numeric Emerging Markets Core rose 2.0%. Credit returns were more muted.
Separately, Man said it had corrected previously disclosed ESG-integrated AUM figures in its 2025 annual report following an internal review. The firm noted the change does not affect total AUM, fund classifications, or past remuneration.