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Funds News Headlines

Hedge funds bet on bright future for metals

Hedge fund investment in the metals industry is at its highest since 2011, according to investment data, a sign that investors are hoping to profit from a rise in prices that have spent years in the doldrums.

Fund investors deflate tyremaker Pirelli's IPO price hopes

Tyremaker Pirelli has given up on what sources say was an initial valuation goal of 9 billion euros (8.00 billion pounds) ahead of its return to Milan's stock market next month, after several fund managers baulked at paying such a lofty price.