MARKET TALK: Man Grp 1Q In Line, Good News On Redemptions-Oriel

8th Jul 2010 07:36

0636 GMT [Dow Jones] Man Group's (EMG.LN) first-quarter trading update is "in line with expectations," with some positive signs that include lowest level of redemptions in three years from institutional investors, says Oriel Securities analyst Keith Baird. Adds the positive performance of AHL fund against backdrop of falling markets is also a good sign, although the result is still modest. Keeps at hold, with 300p target price. Shares closed Wednesday at 217p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 02:36 ET (06:36 GMT)