hedge funds

The hedge fund industry is in line to post its second worst year since 1990, with returns only lower during 2008, according to data from Hedge Fund Research.

Hedge fund billionaire Raj Rajaratnam has began serving his eleven year term for insider trading after he was found guilty in October of exchanging illegal stock tips.

Eclectica's hedge fund star Hugh Hendry has been using put options on the so-called 'fear index' to play market volatility.

The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers.

John Paulson, the billionaire hedge fund manager, cut his holdings in a gold ETF during the third quarter.

Millionaires favour hedge fund manager Paul Singer, CEO of Elliott Management, as the manager they trust most with their cash, according to an investment club survey.

Man Group's shares rose nearly 3% this morning after it reported pre-tax profit of $154m for the six months to 30 September 2011, ahead of the amount it forecast earlier this summer.

The disparity of returns between hedge funds in September was the highest ever seen by Luke Ellis, head of Man's multi-manager unit and a veteran of the fund of hedge funds business.

High yield and investment grade US credit are the cheapest asset classes in the market as they are discounting a "savage recession", said Odey's macro strategist Tim Bond.

Global macro funds outperformed most other hedge fund strategies in the third quarter of 2011 as bearish bets on commodities, equities and the euro started to pay off.