November 16, 2012 / 7:56 AM / 5 years ago

Man Group sells Lehman estates exposure for $456 mln

LONDON, Nov 16 (Reuters) - Hedge fund manager Man Group on Friday said it had agreed to sell its Lehman estates exposure to Hutchinson Investors for $456 million.

Man Group, which has owned the claims since July 2011, said the Lehman claims were valued at $346 million on June 30, 2012.

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