Hedge fund Man Group will no longer sponsor the Booker Prize, effective after the 2019 prizes are presented. The Man Group has contributed £25 million to the prize since its sponsorship began in 2002, including £1.6 million for the 2019 prize. The Booker Foundation said, “The Trustees are in discussion with a new sponsor and are confident that new funding will be in place for 2020. In the meantime the two prizes will run as usual this year.” They thanked the Man Group for their sponsorship. Man Group CEO Luke Ellis said the group is allocating its resources elsewhere, in part to the “Paving the Way” campaign for diversity and inclusion.
The Booker Award opened up to books written in English and published anywhere in the world in 2014, but they’ve rolled that back now, and once more only accept works “published in the UK or Ireland by an imprint formally established in the UK or Ireland.”
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