Man Group Plc hit a 16 year high after the company's assets jumped to a record in the first half of the year as clients poured money into the firm's long-only investment strategies and strong performance gains helped drive growth.

The London-based hedge fund manager reported that assets under management reached an all-time high, reflecting robust investor demand for its diversified product suite. Net inflows were particularly strong in long-only strategies, which have gained traction amid volatile market conditions.

Chief Executive Officer Luke Ellis highlighted the firm's ability to deliver consistent returns across market cycles, noting that performance fees contributed significantly to revenue growth. The results underscore Man Group's resilience and strategic focus on expanding its investment capabilities.

Analysts view the record asset levels as a testament to the firm's effective distribution network and investment expertise. With a strong pipeline of new products, Man Group is well-positioned to sustain momentum in the second half of the year.