Man Group Declines After Profit Hurt by Weaker Fees

  • Pretax profit at $400 million, lower than $481 million in 2014
  • Compensation costs increase as performance fees decline

Man Group Plc, the world’s largest publicly traded hedge fund firm, said profit fell 17 percent in 2015 as performance-fee revenue and margins dropped. The shares declined the most in six months.  

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