- LONDON: Man Group, the world’s biggest listed hedge fund manager, won clients back to its funds over the three months to March, as last year’s acquisition of GLG helped the firm break a two-year streak of losing investors.
The firm, which has been losing clients even as other hedge funds have begun winning them back, said it expects $700 million of net inflows for the three months to March.
Analysts had been expecting flat or small net positive flows.
The firm said performance of its funds had “turned sharply down with markets” after the Japanese earthquake, but has since recovered. It added that the market turmoil “may affect private investor demand in the short term.”
Man’s shares are down 13 percent over the past month, in part on fears over the impact of Japan’s nuclear crisis on the firm’s sales into the country.