Hedge Funds

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Hedge fund billionaire, unions trade blows in Phoenix pension fight

LOS ANGELES - A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions.

Hedge funds muscle into reinsurance, attracting doubters

LONDON - Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall.

29 Oct 2014

Hedge fund exit requests drop to nine-month low

LONDON - Investor requests to pull money out from hedge funds dropped to a nine-month low in October, new data released on Monday showed.

21 Oct 2014

Man Group's shares surge as inflows surprise, assets rise

LONDON - Hedge fund manager Man Group reported on Thursday a sharp jump in funds under management (FuM) and a surprise fifth successive quarter of net inflows in the last three months, sending its share price up in a generally weaker market.

16 Oct 2014

Hall Commodities to shut oil and metals hedge fund - source

LONDON - Hall Commodities LLP, a $100 million oil and metals hedge fund managed by former top Credit Suisse energy trader Tony Hall, is closing due to poor performance amid a 25 percent slide in the Brent crude price since June, a source with direct knowledge of the matter said.

16 Oct 2014

Hedge funds bleed as AbbVie reconsiders Shire bid

LONDON - Some of the world's best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie's decision to reconsider its $55 billion bid for the British healthcare group.

16 Oct 2014

Weavering founder pleads not guilty in London fraud trial

LONDON - Magnus Peterson, the founder of the $600 million Weavering hedge fund that collapsed in the wake of the credit crisis in 2009, pleaded not guilty to 16 fraud-related charges at his London trial on Tuesday.

15 Oct 2014

Ex-Goldman, Noble trader's new hedge fund gains 11 percent in September

LONDON - Guard Capital, a macro hedge fund firm launched by two former top traders at Goldman Sachs and Noble Group in August, gained 11.2 percent in value last month as its currency and interest rate bets paid off, a letter to investors obtained by Reuters showed.

14 Oct 2014

G20 watchdog toughens up new rule for securities financing

LONDON - Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".

14 Oct 2014

Hedge funds slip in September but stock funds fall more

BOSTON - Hedge funds finally have a little something to brag about, losing less money in September than the average mutual stock fund manager, according to data released on Tuesday.

08 Oct 2014

Smartphone repair company B2X steps up expansion with Indian deal

FRANKFURT - Smartphone users won't recognise the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair.


India's fiscal deficit in H1 almost 83 pct of full-year target

NEW DELHI - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.

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