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.
LONDON Man Group, the world's biggest listed hedge fund, said on Friday it had retained most of the assets it invests during a challenging first quarter for fund managers, lifting its shares.
LONDON Big-name hedge funds favoured by pension funds and the ultra-wealthy for their track record of stellar returns took a battering in the first quarter of 2016, with some posting their worst-ever start to a year on record.
BOSTON The exclusive club of Americas-based hedge funds managing more than $1 billion in assets shrunk a bit in 2015 after market gyrations in the second half of the year took a bite out of returns and prompted some investors to pull money, data released on Wednesday show.
LONDON London-based credit-focused hedge fund firm Numen Capital has hired Egerton Capital investment analyst Marcello Sallusti to launch a new fund, three sources told Reuters.
LONDON Hedge funds which bet on mergers and acquisitions were hurt by the collapse of a $160 billion tie-up between pharmaceutical companies Pfizer and Allergan - although the effects could have been even worse.
LONDON London-based hedge fund firm Arrowgrass Capital Partners has amassed over $600 million for a mergers and acquisitions fund which launched in October, a source with direct knowledge of the matter said on Thursday.
LONDON Lone Pine Capital senior analyst Ran Li is to start a new London-based equities hedge fund backed by the U.S. firm, sources with direct knowledge of the matter told Reuters, in what could prove one of the year's biggest European launches.
LONDON The cost of hedging against sharp swings in sterling surged to its highest in almost six years on Wednesday, three months before a June referendum on Britain's European Union membership, and coinciding with narrowing bookmaker odds on a vote to leave.
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