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Posted by
Two Blokes Jul 9 -
Filed in
Stock
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Citi has downgraded shares in Man Group PLC (LSE:EMG), the world's largest publicly-traded hedge fund, to 'neutral' from 'buy', warning of significant risks to earnings as key high-margin strategies underperform. Despite a positive medium-term growth outlook, Citi flags ongoing weakness in the firm's flagship AHL strategies, which have struggled to deliver performance fees this year.
