Trading conditions remained challenging for Man Group last year, although returns in the first two months of this year provided some encouragement for the hedge fund manager. So, while the group's flagship AHL diversified fund showed a tiny 0.1 per cent gain in the nine months to the end of December, following a 7.7 per cent loss in the final quarter, this has been partly reversed with the fund showing a gain of 2.5 per cent in the first two months of 2012.
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