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EMG Man Group Plc

256.00
3.40 (1.35%)
Last Updated: 16:05:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Man Group Plc LSE:EMG London Ordinary Share JE00BJ1DLW90 ORD USD0.0342857142
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.40 1.35% 256.00 256.20 256.60 256.20 253.00 253.20 679,273 16:05:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Agriculture Production-crops 1.21B 234M 0.1945 13.05 3.04B

Man Group plc Trading statement - quarter ended 31 March 2018 (6475K)

12/04/2018 7:00am

UK Regulatory


Man (LSE:EMG)
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TIDMEMG

RNS Number : 6475K

Man Group plc

12 April 2018

Press Release

12 April 2018

TRADING STATEMENT for the quarter ended 31 March 2018

Key points

-- Funds under management (FUM) of $112.7 billion at 31 March 2018 (31 December 2017: $109.1 billion) with growth across all our core product categories

o Net inflows in the quarter of $4.8 billion, driven by strong inflows into alternative risk premia, European long short and emerging market local currency strategies

o Negative investment movement of $1.8 billion in the quarter

o Positive FX movement of $1.2 billion in the quarter as the dollar weakened against Sterling, the Euro and Yen

o Other movements of negative $0.6 billion

   --     Completion of the $100 million share repurchase announced in October 2017 

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

Luke Ellis, Chief Executive Officer of Man Group, said:

"We are pleased to report an increase in funds under management in the first quarter to $112.7 billion, driven by net inflows of $4.8 billion. The ongoing interest in our range of strategies reflects our innovative offering and the strength of our client relationships. In particular, we continued to see client demand for our alternative risk premia strategies and saw flows returning to our European long short strategy, following a sustained period of improved performance.

The first quarter of 2018 was a weaker environment for equity markets and momentum strategies. While this impacted our absolute performance in some areas, outperformance across our long only and discretionary alternative strategies demonstrated the resilient and diversified nature of our business.

Looking forward we see continuing interest from clients, however, the institutional nature of our business means that flows are likely to be uneven on a quarter-to-quarter basis."

FIRST QUARTER FUM COMMENTARY

FUM movements by product type

 
       $bn             FUM at      Sales   Redemptions   Net inflows/   Investment   FX    Other    FUM at 
                     31 December                          (outflows)     movement                   31 March 
                        2017                                                                          2018 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Alternative            61.7        5.7       (2.3)          3.4          (1.0)      0.4   (0.5)     64.0 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Absolute return        29.2        2.8       (1.4)          1.4          (0.9)      0.1   (0.5)     29.3 
 Total return           16.5        2.8       (0.7)          2.1          (0.1)      0.2   (0.2)     18.5 
 Multi-manager 
  solutions             16.0        0.1       (0.2)         (0.1)           -        0.1    0.2      16.2 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Long only              47.2        5.6       (4.2)          1.4          (0.8)      0.8   (0.1)     48.5 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Systematic             26.8        1.7       (1.6)          0.1            -        0.1   (0.1)     26.9 
 Discretionary          20.4        3.9       (2.6)          1.3          (0.8)      0.7     -       21.6 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Guaranteed             0.2          -          -             -             -         -      -        0.2 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 Total                 109.1       11.3       (6.5)          4.8          (1.8)      1.2   (0.6)     112.7 
-----------------  -------------  ------  ------------  -------------  -----------  ----  ------  ---------- 
 

ALTERNATIVE

Absolute return

Absolute return FUM increased by $0.1 billion in the quarter. Net inflows included $1.0 billion into European equity long short and $0.3 billion into UK absolute return. Negative investment movement of $0.9 billion was due to negative performance across Man AHL's momentum strategies partially offset by positive performance across Man GLG's alternative strategies. As at 31 March 2018, 22% of Man AHL performance fee eligible FUM was at high watermark and 19% was within 5% of high watermark. As at 31 March 2018, 60% of Man GLG performance fee eligible FUM was at high watermark and 29% was within 5% of high watermark.

Total return

Total return FUM increased by 12% during the quarter. Net inflows included $1.3 billion into alternative risk premia strategies and a European CLO launch of $0.4 billion. Performance during the quarter was mixed with alternative risk premia strategies up 0.2% and emerging market debt total return strategies down 1.3% in the period. FX gains of $0.2 billion were due to the dollar weakening against the Euro and Sterling. Other movements included loan repayments at GPM and European CLO maturities.

Multi-manager solutions

Multi-manager solutions FUM increased to $16.2 billion during the quarter driven by leverage changes.

LONG ONLY

Systematic

Systematic long only FUM was slightly up in the quarter to $26.9 billion. The net inflow of $0.1 billion included inflows into Emerging Markets Core partially offset by outflows from Global Core. Investment movement was flat during the period with negative market moves offset by outperformance.

Discretionary

Discretionary long only FUM increased by $1.2 billion in the period. Net inflows of $1.3 billion included $0.8 billion into emerging markets local currency, $0.4 billion into UK undervalued assets, $0.3 billion into continental Europe and $0.2 billion into Japan CoreAlpha partially offset by outflows from convertibles strategies. The negative investment movement of $0.8 billion was driven by negative performance in Japan CoreAlpha as Japanese equity markets declined. Positive FX movements increased FUM by $0.7 billion, primarily due to the weakening of the dollar against the Yen.

GUARANTEED PRODUCTS

Guaranteed product FUM was $0.2 billion at the end of Q1.

FUM by product category

 
   $bn                             31-Mar-17   30-Jun-17   30-Sep-17   31-Dec-17   31-Mar-18 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Absolute return                   26.4        26.6        27.2        29.2        29.3 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   AHL Dimension                      5.2         5.1         5.7         5.9         5.3 
   AHL Alpha                          4.2         4.2         4.0         4.4         4.1 
   AHL Evolution                      3.0         3.3         3.4         3.7         3.4 
   AHL Diversified                    3.0         3.0         2.9         2.9         2.9 
   AHL Institutional Solutions*       1.2         1.4         2.2         2.6         2.7 
   AHL other                          1.8         2.0         1.8         1.8         1.6 
   Numeric absolute return            1.9         1.9         1.8         1.9         1.9 
   GLG Equity absolute 
    return                            3.6         3.6         3.4         3.8         5.5 
   GLG Credit absolute 
    return                            1.8         1.5         1.4         1.6         1.3 
   Multi-strategy                     0.7         0.6         0.6         0.6         0.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Total return                       9.7        11.3        14.4        16.5        18.5 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Diversified risk premia            1.4         1.6         4.1         5.7         7.5 
   EM total return                    2.0         3.4         3.9         4.4         4.5 
   CLO                                4.4         4.3         4.2         4.2         4.4 
   GPM                                1.9         2.0         2.2         2.2         2.1 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Multi-manager solutions           13.2        14.9        15.5        16.0        16.2 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Infrastructure & Direct 
    Access                            5.5         7.4         7.1         7.7         7.7 
   Segregated                         4.5         4.7         5.8         6.0         6.3 
   Diversified and thematic 
    FoHF                              3.2         2.8         2.6         2.3         2.2 
   Systematic long only              22.8        25.1        26.8        26.8        26.9 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Global                            13.0        14.9        15.9        16.0        15.4 
   Emerging markets                   5.3         5.7         6.5         6.7         7.6 
   US                                 4.5         4.5         4.4         4.1         3.9 
   Discretionary Long 
    only                             16.3        17.8        19.4        20.4        21.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Japan equity                       7.3         7.9         8.5         9.7         9.5 
   Europe equity                      1.0         1.3         1.9         2.0         2.4 
   US equity                          1.3         1.1         1.2         1.2         1.2 
   Convertibles                       2.3         2.5         2.5         2.2         2.0 
   UK equity                          0.8         1.0         1.2         1.5         1.8 
   Other equity                       0.9         1.0         1.0         1.0         1.0 
   Multi Asset                        1.2         1.1         1.1         1.0         1.1 
   Fixed income                       1.5         1.9         2.0         1.8         2.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Guaranteed                         0.3         0.2         0.2         0.2         0.2 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Total                             88.7        95.9        103.5       109.1       112.7 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
 

*AHL Institutional Solutions invests into a range of AHL strategies including AHL Dimension, AHL Alpha and AHL Evolution

FUM by investment engine

 
   $bn                             31-Mar-17   30-Jun-17   30-Sep-17   31-Dec-17   31-Mar-18 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   AHL                               19.4        19.8        22.0        24.0        23.8 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   AHL Dimension                      5.2         5.1         5.7         5.9         5.3 
   AHL Alpha                          4.2         4.2         4.0         4.4         4.1 
   AHL Evolution                      3.0         3.3         3.4         3.7         3.4 
   AHL Diversified (inc. 
    Guaranteed)                       3.3         3.2         3.1         3.1         3.1 
   AHL Institutional Solutions*       1.2         1.4         2.2         2.6         2.7 
   AHL other                          1.8         2.0         1.8         1.8         1.6 
   Diversified risk premia            0.7         0.6         1.8         2.5         3.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Numeric                           25.4        28.0        30.9        31.9        32.7 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Global                            13.0        14.9        15.9        16.0        15.4 
   Emerging markets                   5.3         5.7         6.5         6.7         7.6 
   US                                 4.5         4.5         4.4         4.1         3.9 
   Numeric absolute return            1.9         1.9         1.8         1.9         1.9 
   Diversified risk premia            0.7         1.0         2.3         3.2         3.9 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   GLG                               28.8        31.2        32.9        35.0        37.9 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Alternatives                      12.5        13.4        13.5        14.6        16.3 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   GLG Equity absolute 
    return                            3.6         3.6         3.4         3.8         5.5 
   EM total return                    2.0         3.4         3.9         4.4         4.5 
   GLG Credit absolute 
    return                            1.8         1.5         1.4         1.6         1.3 
   CLO                                4.4         4.3         4.2         4.2         4.4 
   Multi-strategy                     0.7         0.6         0.6         0.6         0.6 
   Long only                         16.3        17.8        19.4        20.4        21.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Japan equity                       7.3         7.9         8.5         9.7         9.5 
   Europe equity                      1.0         1.3         1.9         2.0         2.4 
   US equity                          1.3         1.1         1.2         1.2         1.2 
   Convertibles                       2.3         2.5         2.5         2.2         2.0 
   UK equity                          0.8         1.0         1.2         1.5         1.8 
   Other equity                       0.9         1.0         1.0         1.0         1.0 
   Multi Asset                        1.2         1.1         1.1         1.0         1.1 
   Fixed income                       1.5         1.9         2.0         1.8         2.6 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   FRM                               13.2        14.9        15.5        16.0        16.2 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Infrastructure & Direct 
    Access                            5.5         7.4         7.1         7.7         7.7 
   Segregated                         4.5         4.7         5.8         6.0         6.3 
   Diversified and thematic 
    FoHF                              3.2         2.8         2.6         2.3         2.2 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   GPM                                1.9         2.0         2.2         2.2         2.1 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
   Total                             88.7        95.9        103.5       109.1       112.7 
--------------------------------  ----------  ----------  ----------  ----------  ---------- 
 

*AHL Institutional Solutions invests into a range of AHL strategies including AHL Dimension, AHL Alpha and AHL Evolution

 
 
                                                 Total Return                  Annualised Return 
                                          -------------------------  ------------------------------------ 
                                           Last 3 
  Investment Performance                    months   Last 12 months   3 years   5 years   Since Inception 
                                          --------  ---------------  --------  --------  ---------------- 
 Absolute return 
 AHL Dimension                      (1)     -4.2%        -0.3%         0.7%      3.4%          4.9% 
 AHL Alpha                          (2)     -3.0%         3.0%         -1.8%     3.4%          11.1% 
 AHL Evolution                      (3)     -4.0%        10.1%         4.2%      11.1%         13.6% 
 AHL Diversified                    (4)     -5.9%         0.6%         -6.4%     2.1%          11.3% 
 Numeric Alternative Market 
  Neutral                           (5)     -1.0%        -3.3%         1.3%      3.5%          3.8% 
 GLG European Long Short 
  Fund                              (6)     3.8%*        10.5%*        3.7%*     3.0%*         7.8%* 
 
   Man GLG European Mid-Cap 
   Equity Alternative               (7)     2.9%          7.5%         7.0%       n/a          7.0% 
 Man GLG Global Credit Multi 
  Strategy                          (8)     2.5%*        10.2%*       10.1%*     5.5%*        12.8%* 
 Man Multi-Strategy Fund            (9)     1.4%*        9.1%*         4.3%*     3.6%*         4.6%* 
 Total return 
 Man Alternative Risk Premia 
  SP                                (10)    0.2%         10.7%          n/a       n/a          7.8% 
 
   Man GLG Global EM Debt Total 
   Return                           (11)    -1.3%        -2.0%          n/a       n/a          3.5% 
 Multi-manager solutions 
 FRM Diversified II                 (12)    0.3%*        3.9%*        -0.1%*     1.8%*         4.2%* 
 Systematic long only 
 Numeric Global Core                        -2.0%        15.4%         9.8%      12.9%         12.9% 
 Relative Return                    (13)    -0.7%         1.8%         1.8%      3.2%          3.2% 
 Numeric Europe Core (EUR)                  -2.0%         4.1%         4.3%      11.8%         9.3% 
 Relative Return                    (14)    2.3%          4.6%         4.2%      4.5%          3.1% 
 Numeric Emerging Markets 
  Core                                      3.4%         29.6%         14.1%      n/a          9.9% 
 Relative Return                    (15)    1.9%          4.7%         5.3%       n/a          4.3% 
 Discretionary long only 
 Man GLG Japan Core Alpha 
  Equity Fund                       (16)    -6.9%         9.3%         4.9%      13.1%         4.5% 
 Man GLG Continental European 
  Growth Fund                       (17)    1.2%         14.5%         18.1%     18.2%         9.6% 
 Man GLG Global Convertible         (18)    0.6%          3.5%         2.6%      4.0%          5.7% 
 Man GLG Undervalued Assets 
  Fund                              (19)    -4.0%        15.4%         10.8%      n/a          11.0% 
 Indices 
 HFRX Global Hedge Fund Index       (20)    -1.0%         3.2%         0.5%      1.3% 
 HFRI Fund of Funds Conservative 
  Index                             (20)    0.7%          3.6%         1.7%      3.0% 
 Barclay BTOP 50 Index              (21)    -2.6%        -1.7%         -4.5%     0.3% 
 HFRI Equity Hedge (Total) 
  Index                             (20)    0.7%          9.8%         5.3%      5.7% 
 HFRX EH: Equity Market Neutral 
  Index                             (20)    0.7%          1.0%         0.3%      1.5% 
---------------------------------  -----  --------  ---------------  --------  --------  ---------------- 
 
 
 
   Investment performance (Cont'd) 
        1. Represented by AHL Strategies PCC Limited: Class B AHL Dimension USD 
         Shares from 3 July 2006 to 31 May 2014, and by AHL Dimension (Cayman) 
         Ltd - F USD Shares Class from 1 June 2014 until 28 February 2015 when 
         AHL Dimension (Cayman) Ltd - A USD Shares Class is used. Representative 
         fees of 1.5% Management Fee and 20% Performance Fee have been applied. 
         2. Represented by AHL Alpha plc from 17 October 1995 to 30 September 2012, 
         and by AHL Strategies PCC Limited: Class Y AHL Alpha USD Shares from 1 
         October 2012 to 30 September 2013. The representative product was changed 
         at the end of September 2012 due to the provisioning of fund liquidation 
         costs in October 2012 for AHL Alpha plc, which resulted in tracking error 
         compared with other Alpha Programme funds. Both funds are valued weekly; 
         however, for comparative purposes, statistics have been calculated using 
         the best quality price that is available at each calendar month end, using 
         estimates where a final price is unavailable. Where a price, either estimate 
         or final is unavailable on a calendar month end, the price on the closest 
         date prior to the calendar month end has been used. Both of the track 
         records have been adjusted to reflect the fee structure of AHL Alpha (Cayman) 
         Limited - USD Shares. From 30 September 2013, the actual performance of 
         AHL Alpha (Cayman) Limited - USD Shares is displayed. 
         3. Represented by AHL Evolution Limited adjusted for the fee structure 
         (2% p.a. management fee and 20% performance fee) from September 2005 to 
         31 October 2006; and by AHL Strategies PCC: Class G AHL Evolution USD 
         from 1 November 2006 to 30 November 2011; and by the performance track 
         record of AHL Investment Strategies SPC: Class E AHL Evolution USD Notes 
         from 1 December 2011 to 30 November 2012. From 1 December 2012, the track 
         record of AHL (Cayman) SPC: Class A1 Evolution USD Shares has been shown. 
         All returns shown are net of fees. 
         4. Represented by Man AHL Diversified plc from 26 March 1996 to 29 October 
         2012, and by Man AHL Diversified (Guernsey) USD Shares - Class A from 
         30 October 2012 to date. The representative product was changed at the 
         end of October 2012 due to legal and/or regulatory restrictions on Man 
         AHL Diversified plc preventing the product from accessing the Programme's 
         revised target allocations. Both funds are valued weekly; however, for 
         comparative purposes, statistics have been calculated using the best quality 
         price that is available at each calendar month end, using estimates where 
         a final price is unavailable. Where a price, either estimate or final 
         is unavailable on a calendar month end, the price on the closest date 
         prior to the calendar month end has been used. 
        5. Numeric market neutral 
        6. Represented by GLG European Long Short Fund - Class D Restricted - 
        EUR until 29 June 2007. From 1 July 2007 the performance of GLG European 
        Long Short Fund - Class D Unrestricted is displayed. 
        7. Represented by Man GLG European Mid-Cap Equity Alternative IN H USD. 
        8. The inception date of the fund, Man GLG Global Credit Multi Strategy, 
        was 16 January 1998. Performance data is shown using Restricted IL XX 
        USD (previously Z) share class up until inception of Unrestricted IL XX 
        USD (previously Z) share class on 31 August 2007, from which point performance 
        is shown using this share class. 
        9. Represented by the gross return of Man GLG Multi-Strategy Fund - Class 
        A - USD Shares until 31 December 2012. From 1 January 2013 the performance 
        of Man Multi-Strategy Fund - Class G - USD Shares is displayed. 
        10. Represented by Man Alternative Risk Premia Class A USD. 
        11. Represented by Man GLG Global Emerging Markets Debt Total Return Class 
        I USD. 
        12. Represented by FRM Diversified II Fund SPC - Class A USD ('the fund') 
        but prior to Jan 2004, FRM has created the FRM Diversified II pro forma 
        using the following methodology: i) for the period Jan 1998 to Dec 2003, 
        by using the returns of Absolute Alpha Fund PCC Limited - Diversified 
        Series Share Cell ('AA Diversified - USD') adjusted for fees and/or currency, 
        where applicable. For the period Jan 2004 to Feb 2004, the returns of 
        the fund's master portfolio have been used, adjusted for fees and/or currency, 
        where applicable. Post Feb 2004, the fund's actual performance has been 
        used, which may differ from the calculated performance of the track record. 
        There have been occasions where the 12-months' performance to date of 
        FRM Diversified II has differed materially from that of AA Diversified. 
        Strategy and holdings data relates to the composition of the master portfolio. 
        13. Performance relative to the MSCI World. This reference index is intended 
        to best represent the strategy's universe. Investors may choose to compare 
        returns for their accounts to different reference indices, resulting in 
        differences in relative return information. Comparison to an index is 
        for informational purposes only, as the holdings of an account managed 
        by Numeric will differ from the securities which comprise the index and 
        may have greater volatility than the holdings of an index. 
        14. Performance relative to the MSCI Europe (EUR). This reference index 
        is intended to best represent the strategy's universe. Investors may choose 
        to compare returns for their accounts to different reference indices, 
        resulting in differences in relative return information. Comparison to 
        an index is for informational purposes only, as the holdings of an account 
        managed by Numeric will differ from the securities which comprise the 
        index and may have greater volatility than the holdings of an index. 
        15. Performance relative to MSCI Emerging Markets. This reference index 
        is intended to best represent the strategy's universe. Investors may choose 
        to compare returns for their accounts to different reference indices, 
        resulting in differences in relative return information. Comparison to 
        an index is for informational purposes only, as the holdings of an account 
        managed by Numeric will differ from the securities which comprise the 
        index and may have greater volatility than the holdings of an index. 
        16. Represented by Man GLG Japan CoreAlpha Fund - Class C converted to 
        JPY until 28 January 2010. From 1 February 2010 Man GLG Japan CoreAlpha 
        Equity Fund - Class I JPY is displayed. 
        17. Represented by Man GLG Continental European Growth Fund Class C 
        Accumulation 
        Shares. 
        18. Represented by Man GLG Global Convertible - Class IL T USD until 7 
        June 2009. From 8 June 2009 the performance of Man GLG Global Convertible 
        - Class IM USD is displayed. 
        19. Represented by Man GLG Undervalued Assets Fund - C Accumulation Shares. 
        20. HFRI and HFRX index performance over the past 4 months is subject 
         to change. 
         21. The historic Barclay BTOP 50 Index data is subject to change. 
    Past or projected performance is no indication of future results. 
     Financial indices are used for illustrative purposes only and are 
     provided for the purpose of making a comparison to general market 
     data as a point of reference and should not be construed as a true 
     comparison to the strategy. 
 
     The information herein is being provided solely in connection with 
     this press release and is not intended to be, nor should it be construed 
     or used as, investment, tax or legal advice, any recommendation or 
     opinion regarding the appropriateness or suitability of any investment 
     or strategy, or an offer to sell, or a solicitation of an offer to 
     buy, an interest in any security, including an interest in any fund 
     or pool described herein. 
 
     *Estimate 
 
 
 

Enquiries

Fiona Smart

Head of Investor Relations

+44 20 7144 2030

fiona.smart@man.com

Rosanna Konarzewski

Global Head of Communications & Marketing

+44 20 7144 1000

media@man.com

Michael Turner

Finsbury

+44 20 7251 3801

mangroupUK@finsbury.com

About Man Group

Man Group is a global active investment management firm, which runs $112.7 billion* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across 25 jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm's single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group's investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the most efficient exposure to markets and effective collaboration across the organisation.

Through the Man Charitable Trust and sponsorship of the Man Booker Prizes, Man Group is committed to promoting literacy and numeracy on a global scale, and to supporting charitable causes more broadly.

Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com.

*As at 31 March 2018. All investment management and advisory services are offered through the investment "engines" of Man AHL, Man Numeric, Man GLG, Man FRM and Man Global Private Markets (GPM).

Forward looking statements and other important information

This document contains forward-looking statements with respect to the financial condition, results and business of Man Group plc. By their nature, forward-looking statements involve risk and uncertainty and there may be subsequent variations to estimates. Man Group plc's actual future results may differ materially from the results expressed or implied in these forward-looking statements.

The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement. Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services or to invest in any investment products mentioned herein.

This announcement contains inside information.

This information is provided by RNS

The company news service from the London Stock Exchange

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