hedge funds

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.

Hedge fund billionaire Raj Rajaratnam has received the longest ever prision sentence for insider trading after he was jailed for 11 years in a landmark ruling in the US today.

Paulson & Co, the giant US hedge fund, has warned in a "worst case" scenario it could suffer redemptions equivalent to between a fifth and a quarter of its assets by the end of the year.

One of legendary hedge fund manager John Paulson's flagship portfolios is down almost 50% in 2011.

Berkshire Hathaway has strengthened its investment team by hiring a hedge fund manager who previously paid over $5m to dine with Warren Buffett.

Hedge fund manager John Paulson bought into News Corporation ahead of the phone hacking scandal during a quarter when he also slashed major bank stakes.

Hedge funds saw the majority of their gains for this year wiped out on Friday, losing over 1% of their value in just 24 hours.