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.
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.
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.
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.
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.
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".
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.
LONDON - One of the most high profile divorces in British legal history took a fresh twist on Friday after top hedge fund boss Chris Hohn accused his wife of unspecified criminal and fiduciary wrongdoing in the handling of a charity they founded.
LONDON - Hedge fund investors pulled out more cash than they invested in October, part of their quarter-end portfolio adjustments, data showed on Friday.
LONDON/FRANKFURT - U.S. Qualcomm Inc agreed to buy CSR Plc for $2.5 billion, offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices.
SHANGHAI - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.