hedge funds

Advanced economies, compared with emerging markets, have better fundamentals, but getting back to ‘normal' will be a multi-year process, says economist Nouriel Roubini, who forecasts up to a decade of weak economic growth in the US.

Majedie Asset Management has closed its Tortoise hedge fund to new investors as assets approach the £350m mark.

BlueCrest Capital is to list a feeder fund for its BlueTrend strategy, a systematic fund that trades across 150 global markets, on the London Stock Exchange this March.

The Financial Services Authority (FSA) has fined David Einhorn and his hedge fund Greenlight Capital £7.2m for trading on inside information in UK stock Punch Taverns in June 2009.

The FSA has launched a consultation on regulations for hedge funds and private equity firms that will form the basis for tough new rules on pay.

Hedge funds faced a mixed year in 2011 as markets took a sharp turn for the worse, but a number of multi-billlion dollar portfolios still shone, according to the latest annual release from Bloomberg Markets Magazine.

Three directors at Paulson Europe, the London-based arm of one of the world's best known hedge funds, have scooped a near £12m payday.

Madrid-based hedge fund Vega Asset Management has threatened to take legal action against officials negotiating Greece's debt restructuring if its bond losses turn out to be too deep.

Hugh Hendry's Eclectica Asset Management has reported a 41% upswing in operating profits over its last financial year.

HEDGE FUNDS