Man Group Says 1st-Quarter Client Outflows Were $1 Billion

Man Group Plc (EMG), the world’s biggest publicly traded hedge-fund manager, said client outflows totalled $1 billion in the first quarter.

Clients redeemed $4.1 billion from Man Group’s investment funds, which was partly offset by $3.1 billion of sales, the London-based company said in a statement today. Assets under management grew to $59 billion as of March 31 from $58.4 billion at the end of last year.

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net