Edition:
United Kingdom

Laurence Fletcher

Hedge funds battle to show their worth in EM sell-off

28 Feb 2014

LONDON/PARIS A sell-off in emerging markets has given hedge funds a chance to prove they can profit from even the most testing market conditions - and try to justify their lucrative fees.

Sterling dips after inflation falls below BoE target

18 Feb 2014

LONDON, Feb 18 Sterling weakened against the euro on Tuesday after UK inflation dropped below the Bank of England's target for the first time in more than four years, easing pressure on the central bank to raise interest rates.

Dollar hits six-week low, weighed down by soft data

17 Feb 2014

LONDON The dollar slipped to its lowest level since the turn of the year against a basket of major currencies on Monday as soft U.S. economic data stood in contrast to better figures out of the euro zone and China.

Sterling leaps after BoE inflation report

12 Feb 2014

LONDON, Feb 12 Sterling surged on Wednesday as money markets moved to factor in a UK interest rate rise earlier in 2015 than previously thought after the Bank of England upped its economic forecast and pushed up expectations of a rate hike next year.

Brevan Howard to shut emerging markets hedge fund - source

11 Feb 2014

LONDON Brevan Howard, one of the world's biggest hedge fund managers, is to shut its $2.3 billion emerging markets portfolio after a bout of poor performance, a source familiar with the matter told Reuters on Tuesday.

Brevan Howard to shut emerging markets hedge fund - source

11 Feb 2014

LONDON Brevan Howard, one of the world's biggest hedge fund managers, is to shut its $2.3 billion (1.3 billion pounds) emerging markets portfolio after a bout of poor performance, a source familiar with the matter told Reuters on Tuesday.

Brevan Howard to shut emerging markets hedge fund -source

11 Feb 2014

LONDON, Feb 11 Brevan Howard, one of the world's biggest hedge fund managers, is to shut its $2.3 billion emerging markets portfolio after a bout of poor performance, a source familiar with the matter told Reuters on Tuesday.

Caution grows over New Zealand dollar's bull run vs Aussie

29 Jan 2014

LONDON/SYDNEY, Jan 27 Hedge funds and currency strategists are growing increasingly cautious over the New Zealand dollar's strength against the Australian dollar, believing its long bull run could finally be nearing an end.

Hedge funds approach BoE minutes with bullish sterling bets

21 Jan 2014

LONDON Hedge funds are approaching Wednesday's Bank of England minutes betting the pound will extend its surge to a one-year high against the euro but wary the bank could signal interest rate rises may be pushed back.

Euro lifts off two-month low vs. dollar but ECB wariness weighs

20 Jan 2014

LONDON The euro recovered slightly from a two-month low against the dollar on Monday, helped by higher short-term market interest rates, although speculation the European Central Bank may step in capped gains.

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