Man Group PLC - London-based active investment manager - funds under management down 8.0% to USD108.3 billion at June 30 from USD117.7 billion on December 31. Negative investment performance of USD5.4 billion and net outflows of USD1.2 billion, with negative currency translation and other movements of USD2.8 billion. Pretax profit USD55 million, half of the USD110 million interim profit posted a year ago. Nonetheless, proposes interim dividend of 4.9 cents per share, up 4.3% from 4.7 a year ago.
Current share price: 123.25 pence
Year-to-date change: down 22%
By Lucy Heming;Â lucyheming@alliancenews.com
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Man (EMG)