Utilize the input text as a context reference, choose the right relationship between Man Group and hedge fund from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

BEIJING/LONDON - The head of hedge fund manager Man Group (LSE: EMG.L - news ) Plc's China business is taken into custody to help authorities in a probe into recent market volatility, Bloomberg reports, while separately a local financial reporter confesses to having spread false information that caused "panic and disorder" on national TV.

Answer: industry