Business
Final Results
Final Results.
About this update from Man Group Plc
[{"type":"text","content":"\n\nPress Release\n27 February 2025\n\n \nResults for the year ended 31 December 2024\n\n \nKey points\nIncreasingly diversified range of alternative and long-only investment strategies drives $10.9 billion of positive investment performance for clients\no AUM1 of $168.6 billion as at 31 December 2024 (31 December 2023: $167.5 billion)\no Relative investment performance[KPI] of +1.0%, with 5.9% outperformance in the long-only category\no Net outflows of $3.3 billion, driven by the $7.0 billion single client redemption in Q3\nCore management fee EPS (diluted) growth[KPI] of 17% highlights the strengths of our business model\no Core net management fee revenue increased by 14% to $1,097 million (2023: $963 million)\no Core performance fees of $310 million from a broad range of strategies and solutions (2023: $180 million)\no Statutory profit of $298 million (2023: $234 million) and core profit before tax of $473 million (2023: $340 million)\no Statutory EPS (diluted) of 25.1¢ (2023: 19.4¢) and core EPS (diluted)[KPI] of 32.1¢ (2023: 22.4¢)\nConsistent shareholder returns in line with our disciplined capital policy; strong balance sheet to support our long-term growth ambitions\no Recommended final dividend of 11.6¢, resulting in a total dividend for 2024 of 17.2¢ (2023: 16.3¢)\no Net tangible assets of $867 million as at 31 December 2024 (31 December 2023: $782 million)\no Intention to repurchase up to $100 million of shares\nGood progress against our multi-year strategic priorities - to diversify our investment capabilities, to extend our reach with clients around the globe and to leverage our strengths in talent and technology - including:\no Continued growth of our credit platform: AUM of $35.0 billion (31 December 2023: $28.3 billion), with $5.9 billion of net inflows into discretionary long-only credit and the successful launch of a new US direct lending offering\no In quant equities, 7.6% relative investment performance from the systematic long-only category; continued investments in data and execution technology to support our ambitions in mid-frequency equities\no Resources reallocated across the firm to ensure increased focus on our growth initiatives while reinforcing the core strengths of our business\nRobyn Grew, Chief Executive Offi...