UK's Man Group rises after record AUM, inflows beat expectations
BUZZ-UK's Man Group rises after record AUM, inflows beat expectations ** Shares of hedge fund Man Group EMG.L up 7.9% at 323.8 pence
** Co posted an 11% rise to a record $253.6 billion assets under management as of June 30, beating analyst expectations.
** Posted six-month core net management fee profit before tax and costs of $186 million, up about 40% from $130 million a year earlier
** Recorded HY inflows of $7.1 billion -- beating Jefferies analyst expectations of $1.3 billion of net inflows.
** Also reports HY core profit before tax of $297 million vs $146 million, a year earlier
** EMG up ~31.12% this year, as of last close
(Reporting by Megha Kumari in Bengaluru)
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