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Press Release 02 March 2021 Growth in a challenging environment RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 Key points Record high funds under management ( FUM ) ¹ of $ 123.6 billion ( 31 December 2019 : $ 117.7 billion ) O Investment performance of $ 3.3 billion ( 2019 : $ 10.1 billion ) O Net inflows of $ 1.8 billion ( 2019 : net outflows $ 1.3 billion ) O FX translation and other movements of $ 0.8 billion ( 2019 : $ 0.4 billion ) Core earnings per share ( EPS ) ¹ decreased by 23 % to 16.2 cents ( 2019 : 21.0 cents ) O Core management fee EPS¹ increased by 6 % to 10.3 cents ( 2019 : 9.7 cents ) 1 O Performance fee EPS decreased by 48 % to 5.9 cents ( 2019 : 11.3 cents ) Statutory earnings per share ( EPS ) decreased by 49 % to 9.3 cents ( 2019 : 18.4 cents ) and statutory PBT decreased by 42 % to $ 179 million ( 2019 : $ 307 million ) Asset weighted performance versus peers¹ across our strategies of -1.0 % ( 2019 : -1.1 % ) , with alternative strategies outperforming and valuation - focused long - only strategies underperforming Run rate core net management fees¹ of $ 815 million at 31 December 2020 , with net management fee margin¹ of 66 basis points New progressive dividend policy taking into account growth in overall earnings with a recommended final dividend of 5.7 cents per share bringing the total dividend for 2020 to 10.6 cents per share ( 2019 : 9.8 cents ) , an increase of 8 % In September 2020 , announced the intention to repurchase a further $ 100 million of shares ( $ 36 million of shares had been repurchased at 31 December 2020 ) Strong balance sheet and liquidity position : net financial assets¹ of $ 716 million ( 2019 : $ 674 million ) For definitions and explanations of our alternative performance measures , please refer to pages 55 to 59. Due to the roll - off of profits from our legacy structured products business in 2019 , our core and adjusted measures are now equivalent . Luke Ellis , Chief Executive Officer of Man Group , said : " Last year was an exceptionally difficult time for much of the world , with COVID - 19 fundamentally changing our day - to - day lives and how businesses operated . I am proud of how the Man Group team pulled together and am delighted to deliver a strong set of financial results in a challenging environment , which demonstrate both growth and resilience . We have increased our management fee profits and our dividend to shareholders , and grown client assets to end the year at a new record high for funds under management . " Our ability to deal calmly with the stresses of the year and to grow our business is a testament to the strength and resilience of our people and the quality of our technology platform . It is our combination of talent and technology that delivers superior returns for our clients and growth for our shareholders . Confidence in our strategy also drives our move to a new progressive dividend policy . " 1