The sun setting over London’s financial district
(Picture: Shutterstock / IR Stone)Some of the best-known names in the City offered fresh insight into the impact of simultaneous tumbles for stock and bond markets this year, with investors pulling money from fund managers.
Man Group, one of the largest listed hedge funds in the world, said it was “a very difficult quarter for the asset management industry” as it reported a fall of almost $4 billion in assets under management to just over $138 billion.
