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Funds under management pass $100bn at Man Group

Mar 01, 2018 - The Daily Telegraph (London)

FUNDS under management at Man Group passed $100bn (£73bn) last year as the hedge fund giant attracted a record $12.8bn of new money.

The 235-year-old firm said assets under management had risen 35pc in 2017 to $109.1bn, passing the $100bn mark for the first time. However, Man shares dipped on the results after the group's chief executive Luke Ellis warned that this month's violent stock market volatility had hit performance. "In common with others, the recent moves in markets have impacte...