Man Group Plc New (MNGPF) Q2 2026 Earnings Call

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WEBVTT 00:00:01.013 -- 00:00:05.276 Good morning, everyone, and thank you for joining us today. 00:00:05.276 -- 00:00:10.519 I'm Robyn Grew, the CEO of Man Group, and I'm joined by our CFO and COO, 00:00:10.519 -- 00:00:15.842 Antoine Forterre. I'll begin with a high-level overview of our investment performance 00:00:15.842 -- 00:00:19.024 and client engagement in the first half of this year. 00:00:19.024 -- 00:00:24.047 Antoine will then walk you through the financial results, after which I'll update you 00:00:24.047 -- 00:00:27.410 on some of our strategic highlights during the period. 00:00:27.410 -- 00:00:31.171 As usual, we'll finish with questions. 00:00:31.725 -- 00:00:36.807 The first half of 2026 was another period of turbulence in markets, 00:00:36.807 -- 00:00:40.109 one in which they proved resilient once again. 00:00:40.109 -- 00:00:45.391 The principal challenge came from geopolitics, but as tensions eased, risk appetite 00:00:45.391 -- 00:00:47.632 recovered quickly. 00:00:47.632 -- 00:00:53.175 We navigated a market where returns were unusually concentrated, driven by the continued 00:00:53.175 -- 00:00:59.918 strength of the artificial intelligence narrative and robust corporate earnings. 00:00:59.918 -- 00:01:05.024 In fixed income, The possibility that interest rates may stay higher for longer 00:01:05.024 -- 00:01:09.605 kept bond yields high and elevated through much of the period. 00:01:09.605 -- 00:01:14.425 It was against this backdrop that the structural strength of our diversified platform 00:01:14.425 -- 00:01:19.426 was clear. We delivered a strong first half which demonstrates the 00:01:19.426 -- 00:01:24.547 continued evolution of Man Group. The broad-based investment 00:01:24.547 -- 00:01:29.777 performance, exceptional net inflows, Rec...