Man Group, the world's largest listed hedge fund manager, boosted pre-tax profits 46.4% to £434.6m (€643m) in the year ending in March and grew assets under management by 48% to £20.9bn.

Net performance fees rose to £139.1m from £115m and profits from the brokerage business increased to £70.8m from £48.3m. Asset management fee income was up from £181.1m to £271.1m.