Alliance Trust may be faced with more hostile corporate action after a US hedge fund declared a 10% stake.
GLG has soft-closed its Market Neutral fund managed by Steve Roth after inflows took the strategy beyond $1bn (£610m) in size.
Activist hedge fund the Children's Investment Fund (TCI) is the largest private shareholder in newly listed Royal Mail, a regulatory filing has revealed.
Alternative investment boutique Man Group has seen net inflows of $700m in Q3 as positive performance from GLG offset problems with its flagship strategy.
Five colleagues of the hedge fund fraudster Bernard Madoff are awaiting trial on Tuesday, following a five-year probe into one of the biggest Ponzi schemes in history.
Hedge fund manager John Paulson is backing a turnaround in the Greek economy by taking positions in some of the country's largest banks.
Schroders has joined forces with Avoca Capital Management to launch a credit long/short strategy on GAIA, its alternative UCITS platform.
US hedge funds moved to snap up shares in Lloyds Banking Group overnight as the UK government put its 6% stake up for sale in a move to begin privatising the bank.
Artemis has relaunched Tim Steer's $60m UK Hedge fund as a European vehicle.