Man Group (EMG) Q3 2026 TU earnings summary

Executive summary

• AUM reached $270.9bn at 30 Sep 2026, up from $253.6bn at 30 Jun 2026; quarterly growth reflected $10.1bn net inflows, $5.9bn investment performance and $1.3bn other movements.

Financial highlights

• Net inflows were led by long-only strategies at $8.2bn, comprising $5.8bn in equity and $2.4bn in credit; alternatives added $1.9bn.

• Investment performance contributed $5.9bn overall: $3.0bn in liquid alternatives, $3.3bn in long-only equity and negative $0.4bn in long-only credit; private markets were flat.

Segment performance

• Alternative AUM rose to $117.1bn from $110.5bn; long-only AUM increased to $153.8bn from $143.1bn.

• Liquid alternative AUM reached $99.7bn; Solutions was $38.4bn, Risk premia $18.1bn, Trend-following $9.4bn and Multi-strat $4.4bn at quarter-end.

• Long-only equity AUM was $113.2bn, including $92.3bn systematic and $20.9bn discretionary; long-only credit was $40.6bn, including $37.5bn discretionary and $3.1bn systematic.

• Man Japan CoreAlpha Equity returned 12.2% net of fees for the quarter and 26.0% for 9M; Numeric Emerging Markets Core returned -0.6% for the quarter and 27.3% for 9M.

• Long-only credit strategies had negative quarterly returns: Man High Yield Opportunities -0.1% and Man Global Investment Grade Opportunities -2.4%, net of fees.