Man Group's Assets Decline Amidst Trump Tariff Impact
LONDON (Reuters) -London-listed hedge fund Man Group said on Thursday that its assets under management fell by about $5.6 billion in the two weeks to April 14, in trading dominated by the fallout from U.S. President Donald Trump's barrage of trade tariffs.
Man Group said its assets stood at an estimated $167 billion on April 14, down about 3% from $172.6 billion at the end of March. It did not give any reasons for the dip in its sparse first-quarter trading update.
Hedge funds globally have been whipsawed by volatile trading since Trump announced sweeping U.S. tariffs on April 2, clouding the global economic outlook and prompting recession fears.
The bulk of Man Group's quarterly trading statement covered the three months to end-March - before Trump's tariffs announcement - with assets under management rising to $172.6 billion from $168.6 billion at the end of 2024.
Man Group also reported net inflows of $3.6 billion in the three months to March 31.
(Reporting by Iain Withers in London and Yamini Kalia in Bengaluru; Editing by Rachna Uppal)
