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Man Group outflows jump after large client pulls funds

Summary by City AM
Man Group was hit by $5.5bn (£4.2bn) in outflows during the three months to September, driven by a single client redeeming its money. The London-based firm, which is the world’s largest publicly traded hedge fund group, reported assets under management (AuM) of $174.9bn (£134.7bn) as of 30 September. That figure compares to $178.2bn (£137.3bn) at the end of June, with Man Group pinning the decline mainly on outflows from a single large client in…
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