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British Hedge Fund Man Group Says First Quarter Assets Up 10 Percent

(Reuters) British hedge fund firm Man Group said on Thursday that net inflows, positive market moves and flows related to a recent acquisition helped funds under management rise 10 percent in the first quarter. Total assets under management at the end of March were $88.7 billion (£69.45 billion), up from $80.9 billion at the end of December, the world’s largest listed hedge fund said in a statement.

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