- Smaller buyback announced
- Acquisitions help boost AuM
The main virtue for Man Group (EMG) is that the asset manager stays around long enough for its stable of long-only and absolute return funds to ride the investment cycle and deliver high performance fees. Of course, strategic patience can cut both ways and, following a very strong 2022 for its strategies, the results this time had a deflated look as growth shares, cash and simple index tracking reasserted itself.