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Man Group dropping sponsorship of Asian Literary Prize

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The Asian Literary Prize is looking for a new sponsor as Man Group plc, also the sponsor of the Booker Prize, is to cease its funding as of March 2013.

Professor David Parker, executive director of the prize, said today: "I would like to thank Man Group for the steady support that has enabled the prize, in five short years, to achieve more than any of us would have dreamed possible. I would also like to thank the publishers, writers and readers who have responded with such enthusiasm to our efforts to win greater visibility for new Asian writing."

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