Man Group Plc New (MNGPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today. I'm Robyn Grew, the CEO of Man Group, and I'm joined by our CFO and COO, Antoine Forterre. I'll begin with a high-level overview of our investment performance and client engagement in the first half of this year. Antoine will then walk you through the financial results, after which I'll update you on some of our strategic highlights during the period. As usual, we'll finish with questions. The first half of 2026 was another period of turbulence in markets, one in which they proved resilient once again. The principal challenge came from geopolitics, but as tensions eased, risk appetite recovered quickly. We navigated a market where returns were unusually concentrated, driven by the continued strength of the artificial intelligence narrative and robust corporate earnings. In fixed income, The possibility that interest rates may stay higher for longer kept bond yields high and elevated through much of the period. It was against this backdrop that the structural strength of our diversified platform was clear. We delivered a strong first half which demonstrates the continued evolution of Man Group. The broad-based investment performance, exceptional net inflows, Record AUM and growth in earnings we are reporting today are the direct result of deliberate multi-year initiatives to diversify our business. On the topic of diversification, I'm pleased to report that we generated overall investment performance of $19.8 billion in the first half. Both our alternative and long-only strategies contributed positively, reflecting the skill of our investment teams, our disciplined approach to risk management, and the benefits of our advanced technology capabilities. Our asset-weighted investment performance was 0.4% ahead of...