Stanley Fink’s Hedge-Fund Revival Sours as Losses Mount

Stanley Fink, who oversaw a 10-fold increase in Man Group Plc’s assets under management during his seven years as chief executive officer, is finding it harder to keep investors at his latest hedge-fund firm.

Losses and client redemptions have reduced assets at International Standard Asset Management Ltd.’s main hedge fund by almost half over the past 18 months to $585 million, Fink, the firm’s CEO, said in an interview yesterday. London-based ISAM has responded by changing some of its management, examining why the fund hasn’t performed as well as expected and increasing the number of markets it invests in, he said.