Redemptions from institutional investors have continued to drain capital from Man Group, the world’s largest listed hedge fund manager, over the past seven months. However, the group’s first-half results showed outflows from institutions were partially offset by surging investment from Asia and the Middle East. Private clients poured close to $5.7bn in new money into the group’s funds over the half-year. At $44bn, funds under management were still significantly below their 2008 peak of $67.6bn. Pre-tax profit fell 51% yoy to $302m on revenue that fell 40% to $649m
