Hedge Funds
Ex-Fidelity manager Clapp sets up new hedge firm
LONDON (Reuters) - Former Fidelity International fund manager Graham Clapp has resurfaced at start-up hedge fund Pensato Capital, according to a regulatory filing seen by Reuters. Full Article
Absolute Capital to demerge Argo unit
LONDON (Reuters) - Absolute Capital Management plans to demerge its emerging market credit fund business Argo Capital to disassociate it from the European hedge fund firm's recent problems, Absolute said on Wednesday. Full Article
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
