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.
NEW YORK Former BlueCrest Capital Management portfolio manager Ashish Goyal is set to join hedge fund manager Citadel, a Citadel spokesman said on Thursday.
LONDONUnrelenting demand for fixed income has pushed yields, in Europe at least, to a point where investors no longer distinguish one country's bonds from another's -- potentially storing up trouble for when focus returns to the economic drivers behind borrowing costs.
MUMBAI/HONG KONG Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said, as the world's biggest retailer aims to break into a fast growing but highly competitive online retail market.
MUMBAI India has given State Bank of India's Arundhati Bhattacharya a one-year extension as chairman, the nation's top lender by assets said, allowing her more time to lead a clean-up of bad assets and oversee a merger of affiliates.