Man Group funds under management rise 7 pct to $78 bln

May 8, 2015 6:19 AM

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LONDON May 8 Man Group Plc's funds under management (FuM)) rose 7 percent to $78.1 billion in three months to end of March, the world's biggest listed hedge fund firm said on Friday.

Positive investment performance boosted the assets by $4.3 billion, softening a hit from $1.3 billion in net outflows and $2 billion loss due to foreign exchange movements.

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