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Asset management company Man Group reported record funds under management for the September quarter, underpinned by 'strong' net inflows.
For three months through 30 September 2021, funds under management rose 3% to $139.5 billion year-on-year, driven by net inflows of $5.3 billion and positive investment performance of $0.4 billion.
'Looking forward, we see positive momentum continuing into the fourth quarter, with a high level of client engagement on a number of larger institutional mandates across our systematic long-only and multi-manager strategies,' the company said.