Alternatives

Argo Group has launched an emerging markets hedge fund investing in bonds and currencies from a universe of over 40 emerging market countries.

MAM Funds' Simon Callow has been adding risk back into his £190m CF Midas Balanced Growth fund over the last quarter as policymakers work to steer the eurozone into recovery mode.

The implementation of new European Union rules on short-selling disclosures has revealed hedge funds Greenlight Capital and Odey Asset Management hold notable short positions in the UK media sector.

Albion Ventures has launched a top up scheme seeking to raise up to £15m across six of its venture capital trusts (VCTs).

Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.

ALTERNATIVES

David Harding, founder of hedge fund Winton Capital Management, has disclosed an annual tax bill of £34m and urged other higher rate taxpayers to pay their fair share.

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

Franklin Templeton Investments has bought a majority stake in hedge fund firm K2 Advisors Holdings (K2), expanding its alternative investments and multi-asset propositions.

John Paulson, the billionaire hedge fund manager, is reported to have pared losses in August after a difficult year for his strategy.