Man Group, the world's largest hedge fund management firm, has added more than $1bn (€709m) of assets a month on average in the past six months, but the pace of asset gathering has slowed since July when turbulence in the financial markets began to bite.

Assets under management at Man swelled to $68bn from $61.7bn at the end of March, however assets had already reached $67bn at the end of June, according to a trading update from the company. Man estimated net revenues from management fees will be 15% higher than last year and performance fees will also be higher.