Man Group reports record organic growth

(Sharecast News) - Man Group reported record organic growth in 2025, with assets under management rising 35% year-on-year to $227.6bn, as the alternative asset manager highlighted continued market share gains and strategic progress, while separately announcing a series of board changes. For the year ended 31 December, AuM increased from $168.6bn, supported by net inflows of $28.7bn, which the FTSE 250 firm said were 19.3% ahead of the industry on an asset-weighted basis.

Relative investment performance was 1.3%, with 4.9% outperformance in long-only strategies.

Core net management fee revenue declined 2% to $1,077m, while core performance fees fell 9% to $281m.

Man said core net revenue decreased 4% to $1,398m and core profit before tax was 14% lower at $407m.

Statutory profit dropped 41% to $175m.

Core diluted earnings per share fell 14% to 27.6 cents, while statutory diluted EPS declined to 15 cents from 25.1 cents.

Core management fee EPS was 19.6 cents, down 9%.

The board recommended a final dividend of 11.5 cents per share, taking the total dividend for the year to 17.2 cents, unchanged from 2024.

Run-rate net management fees increased to $1,182m from $1,058m, and the group seeded 12 new strategies during the year.

It also completed the acquisition of Bardin Hill, expanding its credit capabilities and US presence.

Net tangible assets stood at $723m at year-end, down from $867m.

"2025 marked another year of significant progress for Man Group in which we continued to execute with discipline against our strategic priorities," said chief executive Robyn Grew.

She added that the firm had enhanced its platform by combining its systematic teams, bolstered its credit capabilities through the Bardin Hill acquisition and launched an active ETF platform to expand its presence in the wealth channel.

Grew said that "while markets were often testing, the breadth of our diversified platform, the depth of our client relationships and the quality of our people enabled us to navigate these challenges with resilience and emerge stronger," adding that the company had "gained market share for the sixth consecutive year".

She said the group entered 2026 "from a position of strength", particularly in technology and AI.

In a separate statement, Man Group announced that Richard Berliand would step down from the board and as senior independent director with effect from 28 February, having joined the board in January 2016 and become SID in May 2017.

Laure Fitch would assume the role of SID from 1 March.

Fitch joined the board in August 2023 and currently chairs the remuneration committee.

Ceci Kurzman would meanwhile not stand for re-election at the 2026 annual general meeting and would step down at the end of the AGM on 7 May.

Paco Ybarra, who joined the board in September 2024, would join the remuneration committee from 1 May.

"On behalf of the board, I would like to express our sincere thanks to Richard for his outstanding contribution over the past 10 years," said chair Anne Wade.

"His guidance, independent perspective, and dedication to the highest standards of governance have been invaluable to the company during a period of significant growth and development."

She added that Fitch was "well positioned to take over from Richard in this role" and thanked Kurzman for her contribution over the past six years.

At 0835 GMT, shares in Man Group were up 0.6% at 271p.

Reporting by Josh White for Sharecast.com.