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Man Group funds under management slightly lower

Christian Fernsby ▼ | October 11, 2019
Man Group issued a trading statement for the quarter ended 30 September 2019.
Man Group
Man Group   Funds under management (FUM) were $112.7 billion
Key points:

Topics: Man Group

Funds under management (FUM) of $112.7 billion at 30 September 2019 (30 June 2019: $114.4 billion).

Positive investment movement of $0.7 billion in the quarter.

Net outflows of $1.1 billion in the quarter.

FX and other impacts of negative $1.3 billion in the quarter.

$150 million Tier 2 notes redeemed on 16 September 2019 with an annualised interest saving of approximately $4.5 million.

Completion of the $100 million share repurchase announced in 2018 earlier this month, bringing the total amount repurchased since 2014 to $0.7 billion.

Intention to repurchase up to $100 million of shares; we will continue to review further potential acquisition opportunities.