SINGAPORE - When Muddy Waters unveiled a short position on Noble Group last week, it didn't just scrutinise the commodity trader's accounts. It also hired a behavioural analysis firm run by former CIA staff to analyse how Noble's executives talked on a recent earnings call.
LONDON - After watching billions of dollars of investor cash follow "star" managers exiting rivals, some Britain-based fund firms have taken a novel step to help cushion the blow: let the manager take their fund's assets with them.
LONDON - Investors reduced their allocation to hedge funds in April, pulling out more cash than they invested, data showed on Monday.
LONDON - Former Taconic Capital Advisors portfolio manager Kelly Hampaul is preparing to launch his own hedge fund in the second half of the year, sources said, joining a string of other high profile European start-ups expected in coming months.
LONDON - Stephen Kirk, a former partner at hedge fund manager Lansdowne Partners, is preparing to start his own fund this summer, four sources familiar with the matter said.
LONDON - One of the year's most high-profile European hedge fund start-ups, ex-Millennium star trader Chris Dale's Kintbury, is due to launch in May after raising at least $200 million in start-up capital, sources said.
LONDON - Pension schemes are changing their attitudes to hedge funds, bringing some into their mainstream equity portfolios in order to access products that offer protection in overheated markets.
LONDON - Activist investor Edward Bramson is ramping up his stake in UK private equity firm Electra, with his holding hitting 27.59 percent, according to a regulatory statement on Monday.
LONDON - Alliance Trust rejected Elliott Advisors proposals for a management overhaul on Friday, prompting a sharp reaction from the activist investor and setting the stage for a battle with one of the world's best-known hedge funds.
LONDON - A former trader at U.S. hedge fund Moore Capital was sentenced to 19 months in jail by a London court on Thursday after becoming the third man to plead guilty in Britain's largest insider dealing investigation.
- General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing. | Video
WASHINGTON - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects."