LONDON - Britain's top-25 richest hedge fund managers' wealth rose by 1.8 billion pounds ($2.70 billion) to 14.8 billion pounds over the past year, the Sunday Times Rich List showed.
LONDON/BOSTON - London-based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed.
LONDON - Investor requests to take out cash from hedge funds dropped in April from the month before, data from fund administrator SS&C Technologies showed on Tuesday.
LONDON - Man Group has expanded the range of computer-driven AHL funds, boosting its product offering in an unit that helped the world's biggest listed hedge fund firm post its highest profit in five years in 2014.
LONDON - Stephen Kirk, former partner at hedge fund manager Lansdowne Partners, has dropped a plan to launch his own independent company and will instead join forces with a $4 billion firm run by a former colleague, a letter to investors showed.
LONDON - Goldbridge Capital Partners, the hedge fund manager founded by two former BlueBay Asset Management veterans, has shut, one of its key investors said on Monday, following losses in its fixed income hedge fund last year.
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.
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