Man Group Assets Shrink $6B

The assets under management of Man Group declined $6 billion between June 30 and September 26.

The assets under management of Man Group declined $6 billion between June 30 and September 26, The Wall Street Journal reports. With a fall of more than 8 percent, the assets have slipped to $65 billion from $71 billion. Investors withdrew a net $2.6 billion and fund performance was off $1.5 billion. A strengthened dollar against funds denominated in the euro and Australian dollar led to a further $1.9 billion loss.

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Click here for additional coverage from Financial Times.