LONDON - Traders launching a hedge fund need to raise at least $300 million in assets to pay for rising regulatory costs and to offset lower fees, a survey showed, a far cry from the pre-crisis days when managers could start with tens of millions.
LONDON - The British government said it plans to close tax loopholes used by hedge fund managers as it seeks to show it is forcing the rich to share the burden of tough austerity measures.
LONDON - Half of hedge funds now sell products traditionally the preserve of mainstream asset managers such as "long-only" strategies, a study shows, reflecting how conservative investors have come to dominate the industry's client base.
BOSTON - Emerging market billionaires, driven by vanity, easy money from the world's central banks and a quest for safe investments, are taking the contemporary art market to new heights.
LONDON/HONG KONG - Japan, a frustration for the world's sharpest hedge fund minds for more than a decade, is proving one of the industry's biggest winners this year.
LONDON - Hedge funds added to their performance gains in October as stock markets continued to rally, boosted by the United States avoiding a default on its debt and further signs the world's largest economies are growing, new data showed on Tuesday.
LONDON - Hedge fund start-up Rhodium Capital, run by former Bank of America star trader Iftikhar Ali, has begun life betting on a strong performance from corporate bonds over coming months.
LONDON - U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default.
NEW YORK - Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider trading, and pay $1.2 billion in fines.
LONDON - Britain's Co-operative Group has detailed a rescue plan for its banking arm, under which it will hand control of the unit to investors including U.S. hedge funds as part of a 1.5 billion pound bail-in.
As the need for detailed due diligence grows after a slew of corporate governance issues, Kroll and BMR Advisors have formed a strategic alliance to offer investigative and due diligence services together.
MUMBAI - India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard & Poor's said on Wednesday.
- India rating may be pressured if polls end in hung parliament - S&P
- Rajan says to unveil steps to tackle financial stress
- Sensex edges lower on profit-taking
- ADB sees India growing 4.7 percent in 2013
- Focus is on inflation; growth stabilising: Rajan
- Court to rule on seized Nokia plant on Thursday
- High inflation in Nov set to keep pressure on RBI
- FM vows no compromise on fiscal prudence
- SEBI cracks down on new funds, asset managers chafe
- Corrected - Nov trade deficit narrows on falling gold, oil imports