The Man Group Board confirms that it will recommend a final dividend of 5.1 cents per share for the financial year to 31 December 2019, giving a total dividend of 9.8 cents per share for the year.
Other financial highlights include:
Funds under Management (FUM) of $117.7 billion (31 December 2018: $108.5 billion)
o Positive investment movement of $10.1 billion (2018: negative $7.7 billion)
o Net outflows of $1.3 billion (2018: net inflows $10.8 billion)
o FX translation and other movements of positive $0.4 billion (2018: negative $3.7 billion)
Adjusted profit before tax (PBT) increased by 54% to $386 million (2018: $251 million)
o Adjusted management fee PBT decreased by 21% to $172 million (2018: $217 million)
o Adjusted performance fee PBT increased by 529% to $214 million (2018: $34 million)
Statutory PBT increased by 10% to $307 million (2018: $278 million)
Asset weighted performance versus peers across strategies of -1.1% (2018: 1.0%)
Group run rate net management fee margin of 65 basis points at 31 December 2019
Completed the $100 million share repurchase announced in October 2018, and in October 2019 announced our intention to repurchase a further $100 million of shares ($29 million of shares had been repurchased at 31 December 2019)
Strong and liquid balance sheet - net financial assets of $674 million (2018: $644 million)
