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UK's Man Group soars on higher AUM

BUZZ-UK's Man Group soars on higher AUM ** British hedge fund Man Group EMG.L shares up 2.4% at 256.8p ** AUM at June end rose 17.5% to $178.2 bln ** HY core pretax profit came to $257 mln vs $137 mln recorded last year ** Core net management fee revenue for the first-half was $551 mln, up 19.7% from last year ** EMG stock rose about 10% YTD Report
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UK Stocks-Factors to watch on July 26

UPDATE 1-UK Stocks-Factors to watch on July 26 Adds new items, updates futures July 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .2%. * NATWEST: NatWest's NWG.L first-half pretax operating profit fell by a less-than-expected 16% to 3 billion pounds ($3.86 billion), it said, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products.
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Busy busy

LIVE MARKETS-Busy busy Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . BUSY BUSY U.S. PCE inflation data has snuck up on investors a bit this week - they've had plenty else to think about - and that should drive the daily picture for markets from early afternoon in Europe.
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Man Group assets under management hit record after 17.5% jump in first half

UPDATE 2-Man Group assets under management hit record after 17.5% jump in first half Adds share price, CEO comment, industry detail; paragraphs 3,6, 8-10 By Tom Wilson LONDON, July 26 (Reuters) - Assets managed by hedge fund Man Group EMG.L jumped to a record $178.2 billion in the first half of 2024, with the company citing growth in its liquid credit strategies and solid U.S.
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Man Group assets under management rise 17.5% in first half

Man Group assets under management rise 17.5% in first half LONDON, July 26 (Reuters) - Hedge fund Man Group EMG.L posted a rise in assets under management to $178.2 billion in the six months to end-June, beating analyst expectations, with the company citing growth in its liquid credit strategies and U.S. direct lending proceeding in line with expectations This rose 17.5% from the $151.7 billion the company oversaw at the end of June 2023, which at the time, was a record high.
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