Man Group, the world's largest listed hedge fund firm has reported its first set of results since Robyn Grew assumed the role of CEO, with assets under management increasing to $161.2bn, just short of analyst expectations, according to a report by Reuters.

The company's results show net flows of $700m for the quarter to end-September, compared with net outflows of $500 million in the same period last year, when some of its pension fund investors withdrew funds in the wake of a crisis in liability-driven investment strategies.

According to a company-supplied consensus, analysts had expected net flows of $800m and AUM of $163.5bn for the period.

Man's Absolute Return product line, part of the group's Alternatives unit, reported $1.1bn in net inflows, but its multi-manager solutions products and systematic long-only products saw net outflows of $400m and $500m, respectively.

One of the firms top performers for the quarter, the GLG Japan CoreAlpha Equity, posted an 8.1% return, net of fees, while its GLG Continental European Growth was among the weaker products, with a decline of 6.7%.