By Nell Mackenzie
LONDON (Reuters) -Hedge fund Man Group on Wednesday posted a 14% rise in assets under management to a record $193 billion in the six months to June 30, as new inflows helped offset a drop in pre-tax profit.
"During a particularly volatile first half of 2025, we delivered positive investment performance overall and achieved net inflows of $17.6 billion, 11.5% ahead of the industry," said Robyn Grew, chief executive officer of Man Group.
Net inflows surged 1,855% in the twelve months
to June 30 of client funds, driven by the hedge fund's long-only products betting on the rising asset values, said a statement.
The company's assets under management hit $193.3 billion as of June 30, up by an annual 8% and above analysts' expectations.
The London-listed company reported a six-month core profit before tax that it collected from management and performance fees of $146 million, down 43% from $257 million in June last year.
Hedge fund returns so far this year show a stark divide between those that have been able to navigate U.S. President Donald Trump's erratic decision-making and switch tactics quickly and those hemmed in by algorithmic strategies.
Systematic hedge funds, whose algorithms ride market trends until they peter out, are down roughly 10% so far this year to the end of May, according to Societe Generale.
"It proved to be one of the most challenging periods for trend-following strategies in 25 years; however, their intrinsic properties and long-term track record give us a high degree of conviction in the role they play in allocators' portfolios," Grew said in a statement.
Hedge funds tracked by research firm PivotalPath, which covers the wider industry returned around 11% in the six months to the end of June.
(Reporting by Nell Mackenzie; Editing by Amanda Cooper and Louise Heavens)
