LONDON (dpa-AFX) - Man Group plc (MNGPF.PK, MNGPY.PK, EMG.L) reported funds under management of $104.2 billion at 31 March 2020. The Group recorded a negative investment movement of $10.7 billion as COVID-19 impacted global markets.
Luke Ellis, CEO of Man Group, said: 'Given the extreme volatility in all markets, we are pleased to have outperformed peers on an asset weighted basis across the firm by 2.5% in the first quarter, and to see our absolute return strategies make gains for clients despite the large sell off seen.'
As at 31 March 2020, the Group had $570 million of net financial assets including $253 million of cash. The Group is proceeding with its 2019 final dividend and share repurchase programme as planned.
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