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Page last updated at 10:49 GMT, Tuesday, 1 May 2012 11:49 UK

'Volatile market' hits Man Group

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Man Group, Europe's largest hedge fund, is facing its investors after seeing its shares fall by 18% so far this year.

Arnault Giblat, an executive director at UBS in the European diversified financials team, told the Today programme that the "crux" of the problem for Man Group is a volatile market which is harmful for trend followers such as hedge funds.

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