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The top 10 global hedge fund managers have earned more than $153bn for investors since they were founded, a third of the 7,000-strong industry's returns.

Hedge fund manager John Paulson, who made billions out of the collapse of the sub-prime mortgage market, has been hit by the uncertainty surrounding in the US economy.

Stanley Druckenmiller, the manager who helped George Soros make $1bn by ‘breaking' the Bank of England, plans to retire after thirty years in the industry.

F&C Asset Management has rejected accusations of bullying in a high court battle over a hedge fund joint venture hit hard during the credit crisis.

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Skandia has given its Ethical fund an environmental focus in an effort to boost sales.

Hedge funds and asset managers will be caught by the EU-led crackdown on bankers' bonuses, it emerged last night.

Global hedge funds suffered the heaviest losses for 18 months in May having come into the poor month for equity markets with large long positions.

Martin Currie has acquired the $140m Sofaer Capital European hedge fund along with its management team.