The widespread sell-off following Donald Trump’s tariff announcements in April wiped out all of the assets under management that Man Group gained in the first quarter, according to its most recent financial statement.
The firm’s holdings were up $4bn in the first three months of the year to $172.6bn, but this plummeted by $5.6bn to $167bn within the first two weeks of April, leaving it worse off than when it entered 2024.
This was the case for other asset managers too, with Liontrust’s outflows for 2024 doubling to £3bn within the first week of April as US trade policy made markets more bearish.
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Following the downturn, Man Group’s total assets under management are down 5% over the past year when they stood at $175.7bn.
However, 12 of Man Group’s 18 funds made a positive return over the past year, the largest of which coming from Man Global Investment Grade Opportunities and Man High Yield Opportunities, which were up 12.1% and 10.4% respectively.
Its Man Continental European Growth fund had the worst return over the period, falling 16.5% throughout the past year.