Man Group gains despite 'disappointing' flows in Q1

Investment management firm Man Group said that the first quarter was 'disappointing' from a flows perspective as funds under management declined over the three-month period.

Investment management firm Man Group said that the first quarter was 'disappointing' from a flows perspective as funds under management declined over the three-month period.

However, shares rose strongly on Friday morning after the company said that 2013 earnings per share would be helped by a change in its regulatory status, announced earlier last month, from being a Full Scope Group to a Limited Licence Group.

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