Man Group's asset drain not over: but hedge-fund giant is counting on institutions having to put money to work

Publicly-traded hedge-fund Man Group PLC reports an 86% drop in net profit to $503 million, and a 23% drop in revenue to $2.49 billion for the fiscal year ended March 31. Assets under management fell to $44 billion at the end of May from $74.6 billion in March 2008. The company expects further withdrawals of $2 billion by July.