(Reuters) British hedge fund manager Man Group on Friday posted a slight drop in assets under management in the three months to the end of March, hit by the performance of GLG, its actively managed equity business.Asset managers have faced a tough quarter after concerns around global growth hit many markets in January and February, before bouncing back in March, but analysts said Man had weathered the storm better than most.
The world’s biggest asset manager BlackRock posted a 20 percent fall in profits on Thursday after a “tough” quarter.
