Man Group Plc New (MNGPF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us today. I'm Robin Grew, the CEO of Man Group, and I'm joined by our CFO Antoine Voltaire. As usual, I'll start with some highlights and then Antoine will take you through the numbers. After that, I'll talk about the strengths of our business and provide an update on our early progress against some of the multi-year strategic priorities I outlined earlier this year. And we'll finish with Q&A. As a reminder, To ask a question today, you'll need to access this presentation via the WebEx link rather than the dial-in option. For those of you who are new to Man Group's story, we're a global alternative investment management firm focused on pursuing outperformance for clients via our systematic, discretionary and solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are rooted in deep research and span public and private markets across all major asset classes with a focus on alternatives. It is these strengths that have helped us to grow significantly over the past few years and underpin another strong set of financial results for the first six months of 2024. We've started this year well, delivering for our clients in a market environment driven by the evolution of forward interest rates, expectations of technological disruption, and the outcome of elections globally. We generated absolute investment performance of $11.1 billion with a broad range of strategies contributing positively. Despite periods of short-term market volatility across asset classes, Our absolute return strategies delivered solid gains for clients. For context, our flagship multi-strategy alternative offering, MAN 1783, was up 13.3%. Our total return and long-only strategies also generated strong retur...