LONDON Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million of shares, sending its stock as much as 17 percent higher on Friday.
LONDON/NEW YORK Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.
LONDON Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main Master fund and its Multi-Strategy fund's management fees to zero for some current investors, a source close to the matter told Reuters.
LONDON Hedge fund Marshall Wace's subsidiary MW Eaglewood is raising money for a private equity version of its billion-dollar investment trust that invests in peer-to-peer and marketplace lending loans, a source told Reuters.
LONDON Hedge funds and other large money managers have raised their weekly bets on rising crude oil prices, with net long positions in Brent stabilising around levels seen in mid-August when the market got the first indications of a possible OPEC output deal.
LONDON/NEW YORK Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows.
LONDON/NEW YORK Hedge fund firm Caxton Associates said it plans to cut the fees it charges investors following a period of lower returns for the industry, a letter to investors seen by Reuters showed.
LONDON Hedge fund Crystal Amber Fund Ltd on Tuesday said Britain's vote to leave the European Union had created opportunities for its brand of activist investing, although it remained cautious on the market outlook.
LONDON London-based hedge fund firm Westbeck Capital hopes to get full regulatory clearance for its energy fund in September and is targeting $100 million in assets by year-end, a source close to the company said on Monday.
LONDON Man Group's new chief executive Luke Ellis shook up the top team of the world's biggest listed hedge fund on Friday following the shock departure of Manny Roman in June.
LONDON British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. | Video
DUBAI Kuwait's finance minister and acting oil minister Anas al-Saleh sees crude oil prices at $50 to $60 a barrel within the next 15 months, state news agency Kuna reported on Sunday.