Man Group Plc New (MNGPF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good morning everyone and thank you for joining us today i'm robin guru the ceo of man group and i'm joined by our cfo anton forte as usual i'll start with some highlights and then antoine will take you through the numbers after that i'll provide an update on the good progress we continue to make against our strategic priorities the first half of 2025 has been extraordinary as global markets experienced unprecedented volatility testing investor confidence and market resilience. While we return to relative stability in recent weeks, key uncertainties continue to persist. Trade policy remains fluid with ongoing implications for global supply chains. Tariffs also present possible consequences for growth and inflation, which has some major developed central banks in a wait and see mode. Meanwhile, unresolved geopolitical tensions and another layer of complexity to the landscape. During this period, we were pleased to generate overall investment performance of $2.5 billion, with our long-only strategies once again delivering particularly strong returns. However, our alternative strategies fared less well. This was largely driven by trend-following programs, which faced significant headwinds as I'm sure many of you are aware. Total net inflows were $17.6 billion for the period, our strongest six months on record. This was 11.5% ahead of the industry, which truly validates our position as a trusted partner to our clients. This exceptionally strong period of organic growth drove our assets under management to a record $193.3 billion at the end of the first half, 15% higher compared with the 31st of December, 2024. Core management fee earnings for the period were 8.5 cents per share, while core earnings were 9.7 cents per share. These financial results particularly reflect th...