British Hedge Fund Man Group Assets Rise 35 Pct in 2017

(Reuters) British hedge fund firm Man Group said on Wednesday it had added $12.8 billion in new assets for the financial year ended Dec. 31, bringing its total funds under management to $109.1 billion. Man Group said strong client demand for emerging market debt, managed accounts in the fund of funds unit FRM and computer-driven strategies, combined with FX movements and the acquisition of Aaalto, helped assets to rise by 35 percent.

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