LONDON - Former BlueBay fund managers Neil Phillips and Jonathan Fayman are preparing to launch a global hedge fund early next year, a source with direct knowledge of the matter said, as interest in macroeconomic investment stages a strong comeback.
LONDON/BEIJING - Shares in British hedge fund manager Man Group Plc fell more than 6 percent in early trade on Tuesday following a report the head of its China unit had been taken into custody as part of a probe into the country's recent market volatility.
LONDON - Aberdeen Asset Management has raised $500 million in a new fund that provides exposure to a selection of hedge fund managers and offers investors a chance to invest or take out their money on a daily basis.
LONDON - Qbasis, a hedge fund which more than doubled clients' money during the 2008 financial crisis, is cashing in again by exploiting fresh turmoil in global markets.
By Svea Herbst-Bayliss, Lawrence Delevingne and Tim McLaughlin
LONDON - Fund managers keen to attract more cash from Britain's "can't save, won't save" Millennials are experimenting with more consumer-friendly business models, in moves that could transform the industry's image of overcharging for mediocre performance.
LONDON - Investors raised their bets on hedge funds at the fastest pace for 15 months in August, new data showed.
HONG KONG/SHANGHAI - Hundreds of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regulators' efforts to calm the country's turbulent stock markets.
LONDON - Ultra-easy European Central Bank monetary policy is protecting the debts of some of the bloc's weakest countries from attack by speculative hedge funds.
- Smiths Group Plc shares rose as much as 8 percent on Tuesday after a report said that U.S. activist investor ValueAct had taken a stake in the British engineering company.
LONDON - English Premier League club Manchester United said on Wednesday it had signed a partnership deal with IT firm HCL Technologies to improve its website and app as it gears up to launch a new digital media strategy.
NEW DELHI, - India could save about $1.8 billion on fertiliser subsidies this year thanks to low energy prices but Prime Minister Narendra Modi's government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.