LONDON - Smaller asset managers and hedge funds will drive an increase in the use of computer-driven equity trading strategies in 2014 as brokerages cut back on the services they offer to less profitable clients, a study shows.
LONDON - Hedge fund firm Man Group announced a share buyback and bumped up its dividend on Thursday, sending its stock price soaring, after it drew more new investment in the last quarter of 2013 that help it beat full-year profit forecasts.
LONDON - U.S. hedge fund Elliott Management Corp acquired derivatives equivalent to a stake of almost 11 percent in UK-based F&C Asset Management , a filing showed on Wednesday.
BRUSSELS - EU lawmakers and member states agreed curbs on fund managers' pay similar to new rules for bankers on Tuesday, including a three-year deferral of 40 percent of bonuses, legislation that could be in place next year.
LONDON - Hedge funds and other large investors raised their bets on higher Brent crude oil prices in the week to February 11, data from the InterContinental Exchange showed on Monday, rebounding after dropping to the lowest level in over a year.
LONDON - Paris-based investment firm La Francaise and Anglo-Italian hedge fund manager TAGES Capital are combining assets to form a European fund of hedge funds joint venture.
LONDON - Brevan Howard, one of the world's biggest hedge fund managers, is to shut its $2.3 billion emerging markets portfolio after a bout of poor performance, a source familiar with the matter told Reuters on Tuesday.
NEW YORK - Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history.
LONDON - Julian Rifat, a former equity trader at U.S. hedge fund Moore Capital, was charged on Wednesday in connection with Operation Tabernula, Britain's largest insider dealing investigation, becoming the ninth man charged in connection with the inquiry.
LONDON - ParFX, a currency trading platform launched to curb the advantage of high-frequency traders, will allow hedge funds to join banks in its trade to increase liquidity and create a wider trading community.
Genpact, the country's largest BPO, will purchase shares worth up to $300 million through a modified ‘Dutch auction' tender offer that it expects to start from Thursday, the company disclosed.
MUMBAI - Indian drugmaker Ranbaxy Laboratories Ltd , reeling under a flurry of regulatory rebukes due to manufacturing quality concerns, has recalled more than 64,000 bottles of the generic version of a cholesterol-lowering drug in the United States after doseage mix-up was detected.
- Ranbaxy recalls some batches of generic Lipitor in latest quality blow
- Sensex, Nifty hit record highs; banking, realty stocks surge
- IOC to buy 10 percent of Petronas's Canadian gas project
- S&P 500 ends at another record after strong jobs data
- U.S. job growth offers upbeat sign for weather-beaten economy
- Singapore buys A330 air tankers, India in talks - Airbus
- Boeing reports wing cracks on 787 Dreamliners in production
- GM must address recall soon to avoid damage to reputation
- Mexico telecoms regulator reins in Slim and his empire
- Rupee gains to three-month high; shares at record