BUZZ-Man Group: brushes past 2-year high on higher Q3 AUM, buyback
** British hedge fund Man Group (LSE: EMG.L - news) +2.5% to touch highest in >2 years
** AUM rise from $95.9 bln at June end to $103.5 bln at Q3 close, c.3% ahead of Morgan Stanley (Xetra: 885836 - news) estimate due to higher organic growth, stronger investment performance
** Co announces $100m buyback (c.2.5% of market cap)
** "Man (Swiss: MAN.SW - news) has again proven itself a shareholder friendly allocator of capital," Credit Suisse (IOB: 0QP5.IL - news) writes
** Man Group also reverses decision on external research costs & will now absorb costs itself rather than passing them on to clients
** 3rd top FTSE midcap gainer with more than 1/2 30-day daily avg vol through on stock in less than a hour of trade