Man Group, the world's largest hedge fund manager, increased its assets under management by $5bn (€3.1bn) in the quarter to June 30, spurred by what it called a '"continued attraction" to alternative investment products and despite new research that shows hedge funds to have lost investors money over the first six months of the year.

Jon Aisbitt, Man Group's chairman, attributed this asset growth to "the continued attraction of conservatively structured alternative investment products." The growth takes the firm's total assets under management to $79.5bn.