Man Group, the world’s largest publicly-listed hedge fund, reported a jump in revenue and profit driven by strong growth in performance fees last year.

Man Group’s core net revenue for the year ended 31 December 2024 was $1.45bn, up 22% from $1.19bn in 2023. The hedge fund’s core profit before tax reached $473m last year, up 39% from $340m in 2023.