Hargreaves Lansdown assets down 8.1% in first four months of 2020
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LONDON (Reuters) - British fund supermarket Hargreaves Lansdown said total assets fell 8.1% in the opening four months of the year after the new coronavirus triggered sharp equity market falls, overshadowing an increase in net new business.While concern about the economic impact of the pandemic prompted a broad slide in equity values, it also drove a jump in demand from its retail client base to trade shares, boosting revenues.Assets under administration at the end of April stood at 96.7..