Flagship hedge fund helps Man reap 59% profit surge

Times Online – MAN GROUP, the world’s biggest hedge fund manager, is sucking in $19 million (£11 million) of new business a day after a sparkling performance from its flagship“black box” hedge fund.

London-based Man, which yesterday reported a 59 per cent leap in half-year profits to $576 million, revealed that its AHL fund had produced a 23.4 per cent return in the year to end-September.

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