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Man Group Assets Fall, Adding to Pressure on New Chief Roman

Man Group Plc, the world’s biggest publicly traded hedge-fund manager, reported $2.7 billion in fourth-quarter client outflows, adding pressure on new Chief Executive Officer Emmanuel Roman to improve performance.

The withdrawals from Man Group’s hedge funds and other investment funds offset sales of $2.6 billion in the period, the company said in a statement today. Assets under management fell to $57 billion at the end of 2012 from $58.4 billion a year earlier, in line with the $57.2 billion estimate of RBC Capital Markets analyst Peter Lenardos.