Man Group plc makes the following Funds Under Management Statement for the third quarter of its financial year ending 31 March 2007.
Funds under management at today's date are estimated to be over $60 billion, up from $56.8 billion at 30 September 2006. Sales in the three months to 31 December 2006 totaled $2.5 billion of which Man's global launch, Man MGS Access Ltd, accounted for $0.3 billion. Joint venture sales accounted for $0.5 billion. Other private investor sales, mainly relating to open-ended funds, accounted for $1.0 billion. Institutional sales in the quarter were $0.7 billion. Performance added $2 billion and currency translation impacts and other adjustments added $0.3 billion. The split of funds under management is private investor over $36.5 billion (30 September 2006: $34.6 billion) and institutional over $23.5 billion (30 September 2006: $22.2 billion). Redemptions totaled $1.1 billion, of which private investor were $0.7 billion. The most recent global launch raised $365 million in its multiple offerings but will not start trading until late January - it is therefore not included in the figures for this period.
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