LONDON (Dow Jones)–Earlier signs of recovery at Man Group PLC (EMG.LN), the giant hedge-fund operator that was heavily hit by the financial crisis, took a knock Friday as the company said weak sales and performance losses at its biggest fund resulted in a 4% decline in fiscal third-quarter assets to $42.4 billion.
Shares in the company fell as much as 7% as analysts called the figures disappointing and said they would review their earnings estimates. At 1015 GMT, the stock was down 17 pence, or 5.5%, at 297 pence.
