October 11, 2019 / 6:11 AM / 4 days ago

Man Group Q3 assets fall 1.5% on outflows, currency moves

LONDON, Oct 11 (Reuters) - British hedge fund manager Man Group on Friday posted a 1.5% fall in assets under management in the three months to the end of September, hit by net outflows of client cash and adverse currency moves.

Total assets were $112.7 billion at the end of the period, down from $114.4 billion at the end of June, after net outflows of $1.1 billion and currency losses of $1.3 billion more than offset investment gains of $700 million, it said in a statement. (Reporting by Simon Jessop Editing by Rachel Armstrong)

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