Man Group reported funds under management of $65 billion in a trading update ahead of its close period for the six months ending 30 September, down from $69.1 billion at the end of March.

However, the firm saw net inflows of $1.1 billion between April and September, which the firm attributed to positive flows from GLG in the first three months and AHL in period as a whole. Both are subsidiaries of the group.

Man also logged record sales of $9 billion in the three months ended 30 June, the firm’s first quarter, which dropped significantly to $4.5 billion in the second quarter.

Despite the dip, the board announced that it intends to maintain an interim dividend for the period of 9.5 cents per share to be paid in December.

"The extreme volatility of markets in recent months has created challenging performance conditions across asset classes,” Peter Clarke, chief executive of Man, said in a statement. "This has tested investor appetite for risk but also reinforced the need for diversifying, non-correlated investment returns."