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Man Group surges 12 pct after Reuters interview09.11.2009
Shares in Man Group jumped as much as 12 percent on Sept. 11 after the head of the world’s largest listed hedge fund manager said he expects the industry to swing to net inflows by the end of the year. Analysts cited Reuters’ exclusive interview with John Rowsell as the reason for the share price surge, with Rowsell’s upbeat comments signalling renewed investor confidence in the sector. The stock ended 8.9 percent firmer at its highest level since mid-June. |
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