LONDON Hedge funds appear to have spotted an opportunity in the European Central Bank's bond-buying scheme and are snapping up long-dated debt in anticipation of profits from selling it back to the central bank later.
LONDON Activist hedge fund TCI, which has called for rapid reforms at Volkswagen, said the German carmaker and its Porsche unit were the biggest drags on the fund's flat first quarter performance, according to an investor letter.
LONDON Are some of Britain's largest hedge fund managers putting their money where their mouth is on Brexit?
LONDON Hedge fund investors held on in April despite a weak first quarter in which funds lost 0.63 percent, according to SS&C GlobeOp data, although other data providers reported big outflows in the first three months of the year.
LONDON Brevan Howard Asset Management, one of Europe's largest hedge funds, said it is winding down a fund that bet on Argentine assets after the country agreed a deal with creditors.
LONDON Activist hedge fund TCI's campaign against German carmaker Volkswagen was launched as its own initiative and not on behalf of a broader investor group, a partner at the firm told Reuters.
By David Randall, Svea Herbst-Bayliss and Lawrence Delevingne
LONDON Billionaire Alan Howard's hedge fund, Brevan Howard Asset Management, has opened two funds to additional outside investors, a source with direct knowledge of the matter told Reuters.
LONDON Alan Howard, media-shy founder of Brevan Howard, has lost his top spot in the Sunday Times' list of Britain's richest hedge fund managers following a run of poor performances by his flagship fund.
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