Man Group PLC Reports 1.8% Dip in Assets Under Management
Man Group PLC announced its assets under management (AUM) decreased by 1.8% to $174.9 billion in the third quarter. The firm's AUM also saw a month-over-month decrease in September.
Man Group PLC's assets under management (AUM) saw a decline in the third quarter, concluding on September 30, 2024, the London-listed fund manager reported.
By the end of Q3, the company's AUM stood at $174.9 billion, down from $178.2 billion at the close of the prior quarter on June 30, 2024. This marks a decrease of $3.3 billion. Compared to the end of June 2024, AUM fell by 1.8%.
In September 2024 alone, assets under management experienced a slight decrease from the previous month. The company did not provide further details regarding the reasons for the asset reduction or its potential future implications.
Man Group is a global investment management firm offering diverse investment solutions to institutional and private clients. The company operates in multiple international financial centers.