Investors are seizing the opportunity to invest in Man Group, the world’s largest listed hedge fund business, according to Stuart Welch, chief executive of TD Direct Investing.

On investor response to the week’s business news, Welch said that Man Group reached second position status in the TD UK client buys table, and fifth in the sells for the week ending 10 June. Shares in the company slid by 17 per cent, following news that the firm's flagship hedge fund had suffered losses of 11 per cent since early May.

“TD clients traded the stock at a ratio of 3.4:1, as they appeared to take advantage of the lower share price, which closed at 94p on Monday 10 June," said Welch.

“Lloyds Banking Group continues to feature in the TD UK client buys and sells tables, accounting for 16 per cent of all UK trades and trading at a ratio of approximately 1:1. Lloyds’ popularity suggests investors believe in the bank’s long term prospects, despite news this week that contractors employed at the bank’s largest PPI complaint handling unit were taught how to manipulate the system to the detriment of customers," added Welch.

“In the top ten TD client international tables this week, Google entered the buys and sells in ninth and sixth positions respectively, as investors appeared to take advantage of the low share price amid accusations that the world’s largest internet companies gather intelligence on Britons through a covert operation run by America’s top spy agency,” Welch concluded.

TD Direct Investing serves some 200,000 UK clients on an execution-only basis and has over £5 billion (around $7 billion) in client assets under management.

Last month Man Group reported that its funds under management fell from $57 billion to $54.8 billion over the first quarter.