Man Group reported today that annual pre tax profits were up 19 per cent to 213.2 million. The company also reported that funds under management at 31 March were up 60 per cent to $10.7 billion. It says the last financial year was a record one for fund sales, which totalled $5.2 billion.
Recurring net management fee income was up by 66 per cent to 117.6 million, and brokerage fees by 27 per cent to 38.3 million. The company has now entered the FTSE-100.