Man Group Assets Hit Record $214 Billion After Flows, Gains (1)

Man Group Plc, the world’s largest publicly traded hedge fund, saw its assets soar to a record in the three months through September, as clients poured more money into long-only products and performance improved.

The London-based firm’s assets rose to $213.9 billion, from $193.3 billion at the end of June, according to a statement from the firm on Friday. Net outflows from the company’s alternatives offering were offset by cash coming into the firm’s long-only products, bringing net inflows to $9.7 billion.

Both assets and inflows beat the company-compiled analyst estimates by a wide margin, with consensus being $1.7 ...