Man Group, the world's largest publicly traded hedge fund firm, reported record net inflows of $9.5 billion in 2024, contributing to an 18% rise in adjusted profit before tax to $698 million. Total funds under management reached $178.5 billion by year-end, up from $167.5 billion a year earlier.
Strong Performance Across Strategies
The firm attributed the inflows to strong demand across its quantitative and systematic strategies, as well as its discretionary long-only funds. The record inflows were driven by both institutional and retail investors, with particular strength in Asia and the Americas.
Adjusted profit before tax of $698 million compared with $592 million in 2023, beating analyst expectations. The firm's core investment performance contributed to the profit growth, with positive returns across most of its strategies.
CEO Comments on Results
"These results reflect the strength of our platform and the trust our clients place in us," said Luke Ellis, chief executive officer of Man Group. "We have seen consistent demand for our systematic and quant capabilities, which have delivered strong risk-adjusted returns for investors."
The firm's AHL and Numeric quantitative strategies were particularly popular, attracting significant new mandates from pension funds and sovereign wealth funds.
Outlook and Dividends
Man Group increased its full-year dividend by 10% to 14.3 cents per share, reflecting confidence in its future prospects. The board also announced a $100 million share buyback programme.
Looking ahead, the firm said it remains cautious about the macroeconomic environment but optimistic about opportunities in systematic investing. "While we are mindful of geopolitical uncertainties and market volatility, our diversified platform positions us well to navigate these conditions," Ellis added.
