Specialist

Alken Asset Management has soft-closed Nicholas Walewski's Absolute Return Europe fund after the strategy experienced significant inflows.

Fund buyers are increasing their exposure to absolute return equity funds to take advantage of sharp falls by companies which miss earnings estimates.

ON ENERGY

ON REITS

Arbitrageurs have renewed their attacks on the beleaguered hedge fund investment trust sector after discounts widened, putting a number of vehicles in danger of closure by the end of the year.

ON SPECIALIST MARKETS

A private equity firm has bought a majority stake in national financial advisory business Succession.

Neptune has shut Robin Geffen's Global Long/Short fund after just two years after co-manager Ted Alexander exited the firm.

ON EQUITIES

GLG has soft-closed its Market Neutral fund managed by Steve Roth after inflows took the strategy beyond $1bn (£610m) in size.