Man Group, the London-listed hedge fund manager, will report today a surge in assets under management to $54 billion at the end of the third...

Man Group, the London-listed hedge fund manager, will report today a surge in assets under management to $54 billion at the end of the third quarter, a 8.2 per cent rise on the previous quarter. Sales in the three months to 30 June at Man Group were $5.3 billion of which Man's global launch, Man IP 220, accounted for $1 billion. Other private investor sales accounted for $1.4 billion, of which $700 million was from the multiple regional offerings of the Man IP 220 product. The split of funds under management at Man Group remains in favour of private investors with $32.5 billion compared to institutional at $21.5 billion. Redemptions totalled $1.5 billion, of which private investments accounted for $600 million.