Man Group has announced that total AUM at 30 June 2010 is $38.5 billion compared to $39.4 billion at 31 March 2010.

Peter Clarke, Chief Executive, said: "The quarter to 30 June has seen a return to increased volatility and uncertainty in financial markets. Against the backdrop of falling equity markets, with world stocks down 11.6% in the quarter, it is pleasing to see AHL generating a positive return of 0.9% over the same period. However, given the continued market uncertainty, sales in the quarter have, as anticipated, remained subdued.

“Meeting increasing investor demand for onshore products remains a key component of our distribution franchise, and we continue to expand the range and depth of our private investor offering. Our recently expanded UCITS product range has now raised over $350m in Europe and we have new onshore initiatives in Brazil, South Korea and Singapore.

“The proposed acquisition of GLG provides us with a wide range of liquid investment strategies through which we can meet investor demand. The transaction remains on track for completion in September and integration planning continues to make good progress. Once completed, this transaction will provide a unique combination of strong global distribution and an extensive range of liquid trading strategies with an established track record of performance."

In total, private investor AUM rose slightly to $27.1 billion at 30 June 2010 from $26.8 billion at 31 March 2010, while institutional AUM fell to $11.4 billion at 30 June 2010 from $12.6 billion at 31 March 2010.