Earnings down in tougher year for Man Group

LONDON (ShareCast) – (ShareCast News) – Man Group (LSE: EMG.L – news) revealed lower earnings in its full year trading financials published on Wednesday.Funds under management at the FTSE 250 firm grew 8% to $78.7bn (£56.18bn) during the calendar year, up from $72.9bn in 2014.That included gross sales of $22.9bn, up 4.57%; redemptions of $22.6bn, up 21.5%; net inflows of $0.3bn, down 90.9%; investment movement of $2.4bn, down 33.3%; and foreign exchange translation effect