AHL, the struggling computer-driven hedge fund that is one of the main profit drivers of Man Group, is unlikely to attract significant inflows any time soon, according to a research note from RBC Capital Markets.

The note, which was published yesterday, said that even if AHL starts posting positive performance, there are still issues. Peter Lenardos, an analyst at the bank, wrote: "We believe that AHL needs to substantially outperform the MSCI World over an extended period of time in order to attract investor interest."