LOS ANGELES - A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions.
LONDON - Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall.
LONDON - Investor requests to pull money out from hedge funds dropped to a nine-month low in October, new data released on Monday showed.
LONDON - Hedge fund manager Man Group reported on Thursday a sharp jump in funds under management (FuM) and a surprise fifth successive quarter of net inflows in the last three months, sending its share price up in a generally weaker market.
LONDON - Hall Commodities LLP, a $100 million oil and metals hedge fund managed by former top Credit Suisse energy trader Tony Hall, is closing due to poor performance amid a 25 percent slide in the Brent crude price since June, a source with direct knowledge of the matter said.
LONDON - Some of the world's best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie's decision to reconsider its $55 billion bid for the British healthcare group.
LONDON - Magnus Peterson, the founder of the $600 million Weavering hedge fund that collapsed in the wake of the credit crisis in 2009, pleaded not guilty to 16 fraud-related charges at his London trial on Tuesday.
LONDON - Guard Capital, a macro hedge fund firm launched by two former top traders at Goldman Sachs and Noble Group in August, gained 11.2 percent in value last month as its currency and interest rate bets paid off, a letter to investors obtained by Reuters showed.
LONDON - Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".
BOSTON - Hedge funds finally have a little something to brag about, losing less money in September than the average mutual stock fund manager, according to data released on Tuesday.
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