Alternatives

Alistair Lumsden, the London hedge fund manager who foresaw the US sub-prime mortgage crash that led to the credit crunch, has warned the US housing crisis begun in 2007 is far from over.

George Soros, who called gold "the ultimate bubble", dumped almost his entire $800m stake in bullion in the first quarter.

Infrastructure

US hedge fund billionaire Raj Rajaratnam has been found guilty of making tens of millions of dollars from insider trading, the BBC reports.

Clive Capital, the world's largest commodity hedge fund, lost $400m following a collapse in the oil price last week, the FT reports.

Eclectica has changed the parameters of Hugh Hendry's £24m Absolute Macro fund, allowing him to make more aggressive bets.

The price of gold has hit a new high following Standard & Poor's move to downgrade its outlook for the US.

M&G's bond manager Jim Leaviss has clashed with Artemis' James Foster over whether the MPC should raise interest rates.

IS ICELAND A TEST CASE FOR EUROPE?

Hedge fund house RAB Capital is set to launch two UCITS III funds focusing on the commodities sector.