Man Group records a record-breaking organic growth, with assets under management soaring by 35%

Investing.com - Man Group announced a record organic growth on Thursday, with assets under management reaching $227.6 billion by December 31, 2025, up 35% from $168.6 billion the previous year, driven mainly by $28.7 billion in net inflows and $21.4 billion in positive investment performance.

This London-based alternative investment management firm’s net inflows led the industry by 19.3% on an asset-weighted basis, marking the sixth consecutive year of market share growth. Systematic long-only strategies attracted $22.5 billion in net inflows, including $13.2 billion from single-client subscriptions, while autonomous long-only strategies attracted $12 billion.

Core net management fee income decreased 2% from $1.097 billion in 2024 to $1.077 billion, reflecting a shift in product mix toward lower-margin strategies. The net management fee margin fell from 63 basis points to 56 basis points, mainly due to large inflows into systematic long-only products.

Core performance fees totaled $281 million, down from $310 million in 2024, contributed by alternative and long-only strategies. The decline reflects challenges faced by trend-following strategies in the first half of the year amid a difficult market environment, despite a strong recovery in the second half.

Core pre-tax profit declined 14% from $473 million to $407 million, while statutory profit dropped 41% from $298 million to $175 million. Diluted core earnings per share fell from 32.1 cents to 27.6 cents, and statutory diluted earnings per share decreased from 25.1 cents to 15.0 cents.

The company completed the acquisition of Bardin Hill Investment Partners on October 1, 2025, for $81 million, enhancing opportunistic and performance-oriented credit capabilities. Bardin Hill contributed $2.7 billion to assets under management.

Man Group incurred $30 million in restructuring costs during the year as part of a plan to reduce fixed costs and align resources with strategic priorities. The company also confirmed $32 million in costs related to legal claims, including ongoing litigation with the Kuwait Public Social Security Fund.

The board recommended a final dividend of 11.5 cents per share, bringing the total dividend for 2025 to 17.2 cents, unchanged from 2024. The company also completed a $100 million share repurchase program announced in February.

As of December 31, 2025, net tangible assets were $723 million, down from $867 million the previous year, including $173 million in available cash and cash equivalents. The company maintained an undrawn revolving credit facility of $800 million.

Net management fee income for the year-end run rate increased from $1.058 billion as of December 31, 2024, to $1.182 billion, reflecting significant growth in assets under management.

CEO Robyn Grew stated that the company executed its strategic priorities well, integrating the systematic team, enhancing credit capabilities through the Bardin Hill acquisition, and launching an active ETF platform to strengthen its platform.

The effective tax rate increased from 25% to 32%, partly due to the write-off of $11 million in available US deferred tax assets following changes in interstate income allocation.

Man Group employed an average of 1,770 staff in 2025, down from 1,802 in 2024, with 1,719 employees at year-end compared to 1,777 in 2024.

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