Shares in Man Group, the $79.5bn (â¬54.2bn) hedge fund manager which this week failed to have its name added to the UK regulator's list of companies which cannot be shorted anew, this morning suffered a third analyst downgrade in five days.
Broker Numis Securities cut its recommendation on Europe's largest hedge fund manager from buy to hold. Shares in Man Group have fallen by 27% in the past three months, and by 3% this morning to 394.75p at 10:00 GMT.
