Overview
Man Group is a global, technology-powered investment manager in the alternatives and long-only investment sectors. It offers systematic, discretionary and solutions strategies, investing across global markets and a range of asset classes, including equities, credit and multi-asset strategies. The company describes its purpose as pursuing outperformance for clients globally.[1][2][3]
Man Group reported $253.6 billion in assets under management at 30 June 2026. Its 2025 Annual Report reported 1,719 employees from more than 70 countries and core net revenue of $1.398 billion for 2025. The company has offices in more than 14 countries, including its London headquarters and locations in the Americas, Europe and Asia.[4][5][6][7][8][9][10][11][12][13][14] [1][2][4][5][6][7][8][9][10][11][12][13][3][14]
Products & services
MAN Group’s investment products span liquid alternatives, private markets and long-only equity and credit. At 30 June 2026, it reported $253.6bn in assets under management (AUM): $92.9bn in liquid alternatives, $17.6bn in private markets, $104.2bn in long-only equity and $38.9bn in long-only credit. Named liquid-alternative strategies included Alpha, Dimension, Evolution, ARP, TargetRisk, 1783, Alpha Select and Event Driven.[15][16]
Its systematic offerings include Man AHL and Man Numeric strategies. Man AHL Evolution is described as a diversified trading fund seeking medium-term capital growth while limiting associated risk, with the aim of producing performance independent of traditional equities and bonds; its possible instruments include futures, options, forwards, swaps and contracts for differences. Man Numeric offers quantitative equity strategies, including Systematic Global Core Equities. Man’s discretionary offerings include Man GLG strategies across equities, credit, fixed income and multi-asset investing.[17][18][19][20]
Credit offerings include public and liquid credit, private credit, US Direct Lending and US Opportunistic Credit. Man Direct Lending’s strategy is to originate senior-secured loans directly to sponsor-backed US middle-market companies, targeting current income and capital preservation. The company also describes multi-strategy products that combine systematic macro and micro strategies, discretionary equities and credit, and portfolio strategy; its technology-enabled investment process uses data, quantitative models and execution capabilities, with risk management integrated into product mandates.[21][22][23][24][25][26]
For 2025, core net management fees were $1,077m. By strategy category, absolute return contributed $426m (39.6%), total return $269m (25.0%), multi-manager $28m (2.6%), systematic long-only $136m (12.6%) and discretionary long-only $215m (20.0%). These are category-level fee shares, not revenue shares for individual products.[27] [15][16][17][18][19][20][21][22][23][24][25][26][27][17][18][19][20][23][24]
Geographic presence
As of H1 2026, Man Group reported $253.6bn of assets under management by client domicile: EMEA $116.8bn (46.1%), the Americas $90.8bn (35.8%), and Asia $46.0bn (18.1%). These figures describe where clients are domiciled, not where revenue is earned.[28] The FY2025 report presents the business as a single operating segment and does not provide a geographic revenue or sales breakdown.[29]
Man Group describes its international footprint as 25 office locations across more than 14 countries, with London as its headquarters; its listed locations include New York, Boston, Hong Kong and Zurich.[3][14] The company describes its workforce as more than 1,700 employees from over 70 countries, but does not provide a geographic headcount distribution.[3] [28][29][3][14]
Business segments
Man Group reports its investment-management business as one operating segment; its Board assesses the business as a whole. The product categories it also reports are therefore useful business and revenue breakdowns, rather than separate operating segments.[29]
For the six months ended 30 June 2026, core net management fee revenue was $627m. By category, liquid alternatives contributed $319m (about 51%), private markets $59m (about 9%), long-only equity $158m (about 25%), long-only credit $91m (about 15%), and other less than 1%. These approximate shares are calculated from the reported category amounts.[30] Man Group describes its alternatives capabilities as spanning systematic and discretionary investing, liquid alternatives and private markets; its equity strategies include long-only, long-short and risk-targeted approaches, while its credit capabilities cover public and private markets and long-only and alternative strategies.[31][20][32]
A separate AUM grouping at 30 June 2026 was alternatives, $110.1bn (about 43% of $253.6bn total AUM), and long-only, $143.5bn (about 57%).[33] At 2025 year-end, the company also presented a five-category product view: absolute return, $42.5bn (about 19% of AUM); total return, $46.6bn (about 20%); multi-manager, $14.5bn (about 6%); systematic long-only, $76.2bn (about 34%); and discretionary long-only, $47.8bn (about 21%). These are AUM shares, not revenue shares.[34] [29][30][33][34][31][20][32]
Company history
Man Group traces its origins to 1783, when James Man founded a sugar cooperage and brokerage in the City of London; the business expanded into trading commodities in 1802. It began operating in New York and Hong Kong in 1972.[3] AHL was founded in 1987, with Man taking a majority stake in 1989 and acquiring the remaining interest in 1994.[35] GLG Partners, established in 1995, became part of Man Group in 2010.[36] In 2007, Man separated its brokerage business, Man Financial, as MF Global, shifting its focus toward investment management.[3]
Man expanded its investment-management capabilities through acquisitions including hedge-fund specialist FRM in 2012 and quantitative-equity manager Numeric in 2014.[37][38] In 2016–17, it entered private markets through the acquisition of Aalto Invest and the launch of Man Global Private Markets.[39][40] In 2023, it completed the acquisition of a controlling interest in private-credit manager Varagon, and Robyn Grew succeeded Luke Ellis as CEO.[41][42] Man completed its acquisition of Bardin Hill in 2025 and announced the combination of AHL and Numeric under a Systematic division.[43][44] [44][3][35][36][37][38][39][40][41][42][43]
Sources
- MAN GRP — Full financial report (2025 Y)
- www.man.com[3]
- MAN GRP — Presentation (2026 H 1)
- www.man.com[14]
- www.man.com[17]
- www.man.com[18]
- www.man.com[19]
- www.man.com[20]
- www.man.com[23]
- www.man.com[24]
- MAN GRP — Additional data (2026 H 1)
- www.man.com[31]
- www.man.com[32]
- www.man.com[35]
- www.man.com[36]
- www.lse.co.uk[37]
- www.man.com[38]
- www.man.com[39]
- www.man.com[40]
- www.man.com[41]
- www.man.com[42]
- www.man.com[43]
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