The ascent of Man

A more generous dividend policy and a slow-down in the net outflow of funds led to the ascent of Man, the hedge fund manager, on Thursday morning.

A more generous dividend policy and a slow-down in the net outflow of funds led to the ascent of Man, the hedge fund manager, on Thursday morning.

The group said funds under management (FUM) at the end of February clocked in at around $59.5bn, up from the end of 2011 figure of $58.4bn, on the back of good investment performance and a significant reduction in the rate of net outflows.

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