Man Asian Literary Prize

Asia's top literary award received a huge blow after it was announced that its title sponsor will withdraw its funding this year. The Man Asian Literary Prize, awarded by a Hong Kong-based committee to an Asian writer, has lost the support of the Man Group and is now searching for a new sponsor. The Man Group's sponsorship not only included the prize money, but also all the organisational costs, including administration and publicity. An exact figure was not given, but organisers described it as a "high value and visibility" sponsorship.