Citing a steep decline in the pace of redemptions, Man Group said that a year-long exodus of client money is slowing. Assets fell only 7.5% in the second quarter, from $46.8 billion to $43.3 billion, whereas at the end of the second quarter of 2008, assets were 45% high, at $79.5 billion.

Man said that retail investors placed $3.4 billion in its funds in the second quarter, whereas institutional investors withdrew $3.6 billion.

Man CEO Peter Clarke told investors that he believes the investment management industry will see inflows in the second half of 2009.

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