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Money managers under the microscope

Man Group still waiting for the wave

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Shares in Man Group, the world’s biggest listed hedge fund firm, are up strongly today after it finally reported a rise in assets.

rtxabt1Like many hedge fund firms, Man has suffered during the industry’s downturn, with assets falling from $70.3 bln a year ago to $43.8 bln currently.

However, the current figure marks a small gain, helped by currency movements and, importantly, a slowdown in outflows.

The outlook could be bright – institutional outflows for the third quarter look set to be low. And in July CEO Peter Clarke predicted the group would return to overall net inflows in the six months to March 2010.

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