hedge funds

It seems lost in the mists of market meltdown now, but hedge funds were widely blamed at the start of the financial crisis for practices that triggered the collapse.

Hedge fund manager John Paulson, who made billions by betting against subprime mortgages, has begun to exit the large positions he took in the hard hit banking sector last year.

Cazenove is re-opening Absolute UK Dynamic on 4 January after a period of outperformance, which saw the fund recover losses suffered this year.

Polar Capital's assets grew 20.6% to $3.05bn (£1.9bn) over the six months to 30 September, despite a difficult period for its hedge funds.

Man Group has completed its purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

The founder of Long-Term Capital Management, who oversaw the worst failure in hedge fund history, is returning to the market.

Man Group has launched a Ucits compliant fund of European hedge funds, run by Robin Lowe, its head of multi-manager long/short equities.

French MEPs may veto the Alternative Fund Managers Directive (AIFMD) including a key provision for passporting of investment products, which would allow fund managers to sell products across Europe.

Eight in every 10 hedge funds could fold over the coming decade, according to star hedge fund manager Hugh Hendry.

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