Caroline Cakebread
As the hedge fund industry continues its recovery, the world’s largest hedge fund firm reported that its assets are down again this year. Man Group said its assets were US$39.1 billion, down from $42.4 billion in December, as clients pulled out $1.5 billion in the first three months of 2010. The drop in assets was due mainly to poor performance from its flagship AHL fund. According to Reuters, the firms assets under management stood at $74.6 billion two years ago.