Man Group PLC (EMG.LN) Friday said the net asset value of Athena Guaranteed Futures Ltd at the close of business on May 31 was down 3.47% on the month at $124.58.

In the last 12 months, it is up 9.6%.

It uses quantitative models to exploit price trends in a variety of markets, including stocks, bonds and commodities.

Across all of its funds, Man Group had some $69 billion in funds under management at March 31.

Shares at 0845 GMT unchanged at 251 pence valuing the company at GBP4.73 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com