Man Group (EMG)

Sector:

Financials

Index:

FTSE 250

163.40p
   
  • Change Today:
    -1.50p
  • 52 Week High: 238.20
  • 52 Week Low: 156.00
  • Currency: UK Pounds
  • Shares Issued: 1,164.37m
  • Volume: 5,019,169
  • Market Cap: £1,902.58m
  • RiskGrade: 125
  • Beta: 0.02

Annual profits tumble at Man Group

By Abigail Townsend

Date: Thursday 29 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Man Group posted a slump in annual profits on Thursday, despite a jump in assets under management, after performance fees tumbled.
The world's largest listed hedge fund reported a 17% increase in AUM in the year to December end to $167.5bn.

The uplift was in part attributable to the acquisition of Varagon Capital Partners, which Man Group completed in September.

Core net management fee revenue also rose, up 4% at $963m. But core performance fees, which are paid by clients on the back of successful investment strategies, tumbled 77% to $180m.

As a result, net revenues fell 29% to $1.2bn while pre-tax profits slumped 56% to $340m.

Robyn Grew, who took over as chief executive from Luke Ellis in September, said: "2023 was a year that defied market expectations, as the world grappled with macroeconomic uncertainty and unforeseen geopolitical events.

""Against that backdrop, I'm pleased to report a solid set of results."

Looking ahead, Grew - Man Group's first female chief executive - acknowledged that "economic trends, geopolitical dynamics, inflation and their interplay on the global stage persist in their unpredictability, continuing to create challenges in both public and private markets".

But she continued: "We have built trusted partnerships with sophisticated allocators globally, enabling us to gain a deep understanding of their needs and challenges.

"This contributed to the considerable progress we made during the year, and informed our strategy going forward."

As at 1015 GMT, shares in Man Group were trading 2% higher at 246.4p.

Around two-thirds of Man Group's assets are invested in alternative investments including hedge fund strategies and direct lending.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Man Group Market Data

Currency UK Pounds
Share Price 163.40p
Change Today -1.50p
% Change -0.91 %
52 Week High 238.20
52 Week Low 156.00
Volume 5,019,169
Shares Issued 1,164.37m
Market Cap £1,902.58m
Beta 0.02
RiskGrade 125

Man Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.75% above the market average55.75% above the market average55.75% above the market average55.75% above the market average55.75% above the market average
19.19% above the sector average19.19% above the sector average19.19% above the sector average19.19% above the sector average19.19% above the sector average
Price Trend
38.53% below the market average38.53% below the market average38.53% below the market average38.53% below the market average38.53% below the market average
58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average
Income
94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average
89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average
Growth
21.1% below the market average21.1% below the market average21.1% below the market average21.1% below the market average21.1% below the market average
17.02% below the sector average17.02% below the sector average17.02% below the sector average17.02% below the sector average17.02% below the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Man Group Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Aug-25 10-Apr-25
Paid 19-Sep-25 21-May-25
Amount 5.70¢ 11.60¢

Trades for 01-Aug-2025

Time Volume / Share Price
14:51 2 @ 163.30p
14:51 2 @ 163.30p
14:46 2 @ 163.40p
14:45 2 @ 163.50p
14:45 5 @ 163.50p

Man Group Key Personnel

CEO Robyn Grew
Chair Anne Wade
CFO Antoine Forterre

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