16 April 2021 | 07:21am StockMarketWire.com - Fund manager Man Group reported a rise in quarterly funds under management in the first quarter driven by investment gains and net fund inflows. Funds under management was at $127.0 billion at 31 March 2021, 3% above the $123.6 billion seen on 31 December 2020. The uptick in FuM was driven by 'net inflows of $0.6 billion primarily from our alternative strategies and positive investment performance of $3.5 billion largely from our long-only strategies,' the company said. Looking ahead, the company said it expected to see increased inflows in the coming quarters as client engagement on a number of larger mandates had been positive this year.