Man Group Funds Under Management $38.5B At June 30

8th Jul 2010 07:09

LONDON (Dow Jones)-- Man Group PLC (EMG.LN), a British alternative investment management business, said Thursday its funds under management or FUM, for the quarter ended June 30 were $38.5 billion (March 31: $39.4 billion), adding that its financial position remains strong, with a regulatory capital surplus of around $1.5 billion and available liquidity resources of around $5.4 billion. MAIN FACTS: -Private investor FUM of $27.1 billion (March 31: $26.8 billion), reflecting positive AHL performance. -Private investor sales were $0.5 billion against a backdrop of uncertain markets and investor sentiment. Redemptions mirrored recent quarterly levels at $1.1 billion, to give a net outflow of $0.6 billion. -Institutional FUM of $11.4 billion (March 31: $12.6 billion), reflecting a modest net outflow, FX and other effects. -Institutional sales were $0.2 billion; Redemptions were $0.6 billion. -GLG acquisition remains on track for completion in September and integration planning continues to make good progress. -Shares on Wednesday closed at 217.1 pence, valuing the company at GBP3.72 billion. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 08, 2010 02:09 ET (06:09 GMT)