Shareholders in Man Group gave Europe's biggest hedge fund manager a bloody nose at its annual meeting as they staged their biggest protest vote on pay since the firm's chief executive Manny Roman joined in 2010.

Among the resolutions put to a shareholder vote at the annual meeting held on May 6 was the approval of the directors' remuneration report, and while the resolution was passed by the required majority, it drew fewer supporting votes than any other resolution on the meeting agenda.