Alternatives

A family-owned hedge fund will offer investors the chance to use Twitter posts to gauge the mood of the stockmarket.

RWC Partners is preparing a regulated global macro hedge fund in January for new recruits Peter Allwright and Stuart Frost.

It seems lost in the mists of market meltdown now, but hedge funds were widely blamed at the start of the financial crisis for practices that triggered the collapse.

Hedge fund manager John Paulson, who made billions by betting against subprime mortgages, has begun to exit the large positions he took in the hard hit banking sector last year.

Man Group is planning to cut more than 10% of its workforce over the next six months following its takeover of GLG Partners.

SECTOR WATCH

Shares in UK-listed Man Group have jumped 4% on speculation a mystery bidder - reportedly the Bank of New York Mellon - is preparing a bid for the group.

Hugh Hendry's Eclectica has been referenced in a bitter lawsuit between BHP Billiton and $40bn hostile target Potash.

Brenda Reed, the manager of Fidelity's £334m Global Focus fund, is leaving to join a New York-based hedge fund.

French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe.