Assets owned by Man Group have increased by $9bn (£7.2bn) in the last quarter, now standing at $176bn (£141.2bn).

The London-listed investment management firm, which was founded in 2010 and has a bias towards US stocks, with less than 5% of its assets in the UK.

The FTSE 250 firm is led by former Lehman Brothers banker, Robyn Grew.

It invests across a range of strategies and asset classes, with a mix of long-only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets.

Across the quarter, alternative investments increased from $109.6bn (£88bn) to $111.3bn (£89.3bn), with long-only investments jumping from $57.9bn (£46.5bn) to $64.4bn (£51.7bn).

The Evening Standard has reported that following the announcement, shares at the firm fell by 13 pence to 25 pence a share.

Despite this, the group values itself at £3bn, which is an increase of 29% year-on-year.

In a statement, the firm said: "Our clients and the millions of retirees and savers they represent are at the heart of everything we do. We form deep and long-lasting relationships and create tailored solutions to help meet their unique needs. We recognise that responsible investing is intrinsically linked to our fiduciary duty to our clients, and we integrate this approach broadly across the firm."

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