Man Group rises on share buy back announcement

Man Group, the FTSE 100 hedge fund manager, has risen strongly in early trading after revealing a $150m share buy back programme .

Man Group, the FTSE 100 hedge fund manager, has risen strongly in early trading after revealing a $150m share buy back programme .

The firm also revealed adjusted pre tax profits of $195m for the six months to the end of September down 14% on the same period of 2010.

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