Man offers fund managers contrarian bet on selves
FILE PHOTO: Electronic boards display the days loss to the Dow Jones Industrial Average (DJI) above the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2016. REUTERS/Lucas Jackson/File Photo - RTSZS4Z
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Disappointing growth hit the asset manager’s pumped-up shares. It feeds into broader fears over the challenges faced by active management. Yet Man and other stock pickers ought to benefit from central banks printing less money. On that basis its shares don’t look stretched.
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