The man group sees record sales despite redemption

London-based group, the world's largest listed hedge fund company, announced Thursday that it had "record sales" in the second quarter despite billion in redemption from investors.

The company realized sales of 9 billion dollars with a net inflow of $ 3.7 billion by 5.3 billion dollars in redemption, group Man said in a statement.

The international hedge fund is credited to its recently launched open ended Fund in Japan, which as of 30 June was USD 2.3 billion in assets under management, to help lift sales in 2Q 2011.

The Group was said, however, Japan Fund is 12% below its peak in order to enable the company to earn performance fees.

The man group has currently 71 billion dollars in assets under management from $ 69.1 billion AUM in the first quarter ended March 31.

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