LONDON From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt.
LONDON Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday, with investors cautiously adding some long bets at the start of a week when Britain and the EU will sign off on a deal to move to the next stage of Brexit talks.
LONDON Whitbread shares jumped more than 7 percent on Wednesday after U.S.-based hedge fund Sachem Head Capital Management declared a 3.4 percent stake in the British hotel and coffee chain operator.
LONDON A year ago, the consensus view of the world economy and markets coming into 2017 was for a Goldilocks mix of strong growth, decent corporate profits, low volatility, a gradual drift higher in bond yields, and a continued "melt up" in stocks.
LONDON Non-executive directors at the London Stock Exchange are committed to remain in place if chairman Donald Brydon is removed, hedge fund TCI fund management said.
LONDON Hedge funds continue to bet on a flatter U.S. yield curve, but they are raising the stakes less and less, suggesting their conviction in the trade is ebbing as the end of the year approaches.
LONDON Hedge funds have found it hard to make money this year trading bonds and currencies, but as 2017 draws to a close they look to be relying on a twin strategy to put a gloss on the numbers: U.S. yield curve flattening and dollar weakness.
LONDON Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.
LONDON British hedge fund firm Man Group will add cryptocurrencies to its investment universe if the Chicago Mercantile Exchange launches a bitcoin futures contract as planned, CEO Luke Ellis told Reuters on Tuesday.
LONDON/NEW YORK Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion (908 million pounds) to them during the first three quarters of 2017.
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