LONDON - Man Group's computer-driven hedge funds gained up to 5.7 percent through mid-January, party benefiting from the Swiss National Bank's move to get rid of a cap on the franc that sent the Swiss currency soaring last week.
LONDON - Guard Capital, a macro hedge fund firm launched by two former top traders at Goldman Sachs and Noble Group, has gained 2.5 percent so far in January, sources said, steering clear of the pain some of its peers suffered after the Swiss franc soared.
LONDON - Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own macro hedge fund in early April with initial start-up capital of at least $500 million, three sources familiar with the matter said.
LONDON - Investor requests to take out money from hedge funds are down more this month than in January last year, data from SS&C portfolios showed on Thursday.
LONDON - Hedge fund group Brevan Howard, has settled its dispute with co-founder Christopher Rokos and has agreed to help the star trader launch his own investment fund later this year.
LONDON/BOSTON - COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge.
LONDON - The boss of collapsed UK hedge fund Weavering could be jailed for up to 10 years after being found guilty of fraud by a London court on Monday, giving Britain's Serious Fraud Office (SFO) one of its most senior financial scalps since the credit crunch.
LONDON - Investors' interest in hedge funds fell in January as they pulled out more cash than they invested, data showed on Tuesday, part of an annual rejig of portfolios.
LONDON - Hedge funds have raised the number of their bets on a rise in the price of Brent crude to the highest since July, data showed on Monday, as speculators position for a possible rebound in oil prices following a near 60 percent collapse.
- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company.
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