Man Group's assets under management at record high, but profit slides
Man Group PLC on Wednesday raised its dividend and reported record assets under management despite headwinds from its alternative strategies arm.
The London-based investment management firm said core pretax profit fell 43% to $146 million in the six months to June 30 from $257 million a year prior, with statutory pretax profit of $77 million, down 65% from $219 million.
Statutory earnings per share declined 68% to 4.4 cents pence from 13.8c. The interim dividend was lifted 1.8% to 5.7c per share from 5.6c.
Core net revenue fell 21% to $604 million from $761 million a year prior, with core net management fee revenue of $517 million, down 6.2% year-on-year from $551 million, reflecting a decrease in assets under management in higher margin strategies.
Man Group reported record assets under management of $193.3 billion as at June 30, up 8.5% from $178.2 billion a year prior, with net inflows of $17.6 billion, which Man Group said were 12% ahead of the industry.
Chief Executive Officer Robyn Grew said: ‘During a particularly volatile first half of 2025, we delivered positive investment performance overall.’
Grew said it proved to be ‘one of the most challenging periods for trend-following strategies in 25 years,’ and the results ‘reflect those headwinds.’
Man Group said long-only strategies once again delivered strong returns, with Emerging Markets Core and Global Core standout performers. But ‘our alternative strategies delivered negative performance overall, driven by trend-following programmes which faced significant headwinds in 2025.’
Looking ahead, Man Group said it enters the second half with ‘strong momentum, supported by robust fundamentals, deep relationships with allocators globally and our position as a growing alternatives manager powered by talent and technology.’
Shares in Man Group rose 0.2% to 175.80 pence each in London on Wednesday.
Copyright 2025 Alliance News Ltd. All Rights Reserved.