Investors responded enthusiastically to the news, with shares in Man climbing over 5% to 159.4p by late morning.
Major shareholders in Man Group include Odey Asset Management, Majedie Asset Management, UBS Asset Management, Legal & General Investment Management and Rathbone Investment Management.
Net inflows across quant alternative of $1.3bn and for quant long-only strategies at $0.4bn were off-set by net outflows from discretionary alternative funds of $0.6bn and from its discretionary long-only arm Man GLG of $0.5bn.
Funds under management were virtually flat over the quarter, ending at $78.6bn at 31 March 2016 having started the year at $78.7bn.
Chief executive Manny Roman said: "Against the backdrop of challenging market conditions for the global investment management industry, we have delivered results for the first three months of the year that demonstrate the value and benefits of a diversified business model. Investment performance across our quantitative strategies and net inflows meant that group funds under management remained stable over a highly volatile quarter.”
The ongoing uncertainty in the markets remains challenging and, accordingly, the risk appetite of our clients has the potential to impact flows,” Roman continued. “However, the ongoing diversification of our business has enhanced our resilience as a firm, and positions us well to navigate the current economic climate. As we have previously indicated, we continue to explore new options for growth, both organically and by acquisition, within our disciplined financial framework."