Man Group reports 33% increase in pre-tax interim profits

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ASSETS under management at Man Group rose by $6.9bn (£3.6bn) to $56.8bn (£29.9bn) during the six months to September 30, 2006, latest company figures reveal.

Interim results for the hedge fund manager show fund sales in the period from March 31 to September 30 reached $10.6bn (£5.6bn) while pre-tax profits leapt 33pc to $766m (£403m). Chief executive S...

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