BlackRock has cut its stake in Man Group (EMG.L) by almost
half to below 5 percent, regulatory statements showed on Tuesday, just as the
embattled hedge fund firm tries to reverse its fortunes, Reuters tells us.
BlackRock's selling of shares through 2012 mean it is no
longer the biggest shareholder in Man. Hedge fund Odey Asset Management has
meanwhile made a bold bet on a recovery in Man shares by increasing its stake
to 5.15 percent…..
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