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BUZZ-Man Group: worst day in 3 months on falling profits, AUM miss

Reuters - UK Focus

** Hedge fund firm Man Group (LSE: EMG.L - news) falls as much as 10 pct in early trade after reporting falling profits

** Adjusted pre-tax profit falls to $205 mln in 2016 v $400 mln in 2015, with the co blaming "unforgiving" market conditions

** Liberum and Jefferies both say AUM of $80.9 bln is lower than expected

** Stock recovers to trade down 4.7 pct (worst day in 3 mths), but still among top fallers on Stoxx 600