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Man Group assets jump to $79.5bln on sales, gains


Date: Thursday, July 10, 2008
Author: WSJ.com

From Dow Jones / WSJ: Man Group PLC (EMG.LN) Thursday said its assets rose 6.6% to $79.5 billion in its fiscal first quarter, as the world's largest manager of hedge-fund assets continued to attract net new money and its main funds posted gains. In contrast to many other hedge fund firms, Man Group said redemptions actually slowed in the three months to June 30, to $2.5 billion.