British hedge fund Man Group says assets fell 11.5% in First-quarter

LONDON (Reuters) - British hedge fund manager Man Group said on Friday that its funds under management fell 11.5% to $104.2 billion in the first quarter as the novel coronavirus hit global markets.Man Group said the firm lost $10.7 billion on negative investment performance and $3.3 billion from currency and other movements.The hedge fund firm, which had $117.7 billion in assets at December 31, took in $500 million in new investor money during the period.Man Group CEO Luke Ellis said that the..