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Assets plunge and performance losses rise at Man Group during ‘challenging time’

In earnings released on July 30, Man Group reported a negative investment performance of $5.4bn while net outflows rose to $1.2bn

Luke Ellis, chief executive officer of Man Group.
Luke Ellis, chief executive officer of Man Group. Photo: Chris Ratcliffe/Getty Images

Man Group, the world's largest listed hedge funds company,  has suffered a fall in assets under management and a rise in performance losses in the first half of 2020 in what chief executive Luke Ellis acknowledged was "a challenging time for everyone".

In earnings released on July 30, Man Group reported a negative investment performance of $5.4bn while net outflows rose to $1.2bn.

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