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Man Group unveils mixed performance as CEO counts the cost of share falls

As listed hedge funds group posts small net inflow, analysts pronounce themselves pleased despite sharp share price fall of recent weeks

Listed hedge funds giant Man Group reported a set of “mixed” business results for the third quarter on Friday, but failed to significantly lift a flagging share price that has lost CEO Luke Ellis more than £1m in the past three weeks.

Man’s assets under management rose by 0.4% in the three months to September 30, the company said in a trading update, to $114.1bn.

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