“Man has sponsored the $30,000 award – won in the past by Chinese author Su Tong, Filipino writer Miguel Syjuco and South Korean Kyung-sook Shin – since it was set up in 2007. But in a struggling [stock] market,” the hedge fund “has decided to ‘concentrate our arts sponsorship on the world-leading Man Booker prize, where our support is about to go into its 12th year’.”