hedge funds

Alistair Lumsden, the London hedge fund manager who foresaw the US sub-prime mortgage crash that led to the credit crunch, has warned the US housing crisis begun in 2007 is far from over.

US hedge fund billionaire Raj Rajaratnam has been found guilty of making tens of millions of dollars from insider trading, the BBC reports.

Clive Capital, the world's largest commodity hedge fund, lost $400m following a collapse in the oil price last week, the FT reports.

Matrix Asset Management is unveiling a New Europe UCITS fund in the second quarter for hedge fund manager David Thornton.

Hedge fund guru George Soros has argued the European Financial Stability Facility (EFSF) must take control of Europe's banking system if it is to solve the sovereign debt crisis without causing another banking collapse.

Sabre Fund Management is to launch a Ucits III absolute return fund of equity funds, designed to deliver a target return of 10%-15% per annum.

Hedge fund manager John Paulson netted more than $5bn (£3.15bn) last year, likely to be the biggest annual profit in investing history, according to the Wall Street Journal.

Templeton's Mark Mobius is mulling plans to establish a hedge fund, which would manoeuvre the firm into the $1.9trn alternative asset management space.

Property financier Sir John Beckwith is backing the launch of a new hedge fund, in partnership with Icap boss Michael Spencer.

Polar Capital is closing its Discovery fund, a global macro hedge fund run by Paul Lambert.