Man Group Reports Drop In Funds Under Management

Man Group PLC

reported that funds under management for the three months ending December 31 declined 9.5% from the prior quarter. Funds under management fell to $58.4 billion. Man Group's net management fee income came in at $278 million in the nine months to December 31, and adjusted profit before tax from continuing operations came in at $257 million. MNGPY shares closed at $1.59 yesterday.