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UPDATE 2-Ashmore profit hit by performance fees dip

* H1 pretax profit down 7 percent to 120 mln pounds * Shares down 1.2 percent By Laurence Fletcher LONDON, Feb 21 (Reuters) - Emerging markets fund manager Ashmore Group posted a 7 percent fall in first-half profit, driven by lower returns from funds and a shift by clients towards portfolios that do not charge performance fees.
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