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.

Among the risers was Man Group (LSE: EMG.L - news ) , after Exane published an 'outperform' rating on the hedge fund giant as analysts think a number of upside risks have been overlooked.

Answer: industry