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Man Group revenue dented by 92% performance fee plunge
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fnlondon.comHedge fund Man Group reported a drop in pretax profit to $114m from $380m for the first half of the year amid a wider market slump.
The London-listed firm’s revenue fell to $506m from $887m for the same period last year, the firm said, while performance fees also took a 92% hit, dropping to $32m from $404m the previous year.
Man noted assets...
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