Man reports positive year-end, assets up to $71 billion

Fri May 27, 2011

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Man Group has released its results for the financial year ended 31 March, which show better than expected profits and positive inflows taking total assets under management to around $70 million.

The firm has reported statutory profit before tax from its continuing operations of $324 million - ahead of its $280 million pre-close estimate thanks to strong investment performance in the last week of March and an adjustment to the GLG acquisition balance sheet. The firm made...

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