Man Group Advances as Pace of Redemptions by Investors Declines

Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose as much as 4.5 percent in London trading after redemptions by institutional investors slowed.

Pension plans, endowments and money managers pulled $1.8 billion on July 1, half the $3.6 billion of redemptions three months earlier, London-based Man Group said in a statement today. The stock was up 1.7 percent at 243.25 pence as of 9:05 a.m.

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