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Man Group loses $6 billion from asset base

Hedge fund manager Man Group said Wednesday it had lost $6.0 billion (4.4 billion euros) from its asset base since June due to financial markets chaos, sparking a 21-percent plunge in its shares. Man Group said in a trading update that its total funds under management currently stood at about $65 billion.…

European stocks struggle to recover from slump

European equities edged higher on Friday as the G20 attempted to calm markets after the recent rout, but sentiment was plagued by global economic woes and the eurozone debt crisis centred on Greece. Asian indices fell for a second straight day on Friday, after more losses on Wall Street, on…

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