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Man Group shares jump as payout is maintained

Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business.

The firm said it expects adjusted pretax profit for the year ending March 31 to fall around 43% to $1.2 billion from $2.1 billion due to the impact of falling markets and withdrawals by institutional investors.

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