UK hedge fund Armajaro Holdings purchased £658m of cocoa on Friday, in a move which single-handedly moved the global cocoa market.
Hedge funds and asset managers will be caught by the EU-led crackdown on bankers' bonuses, it emerged last night.
Global hedge funds suffered the heaviest losses for 18 months in May having come into the poor month for equity markets with large long positions.
Martin Currie has acquired the $140m Sofaer Capital European hedge fund along with its management team.
A number of hedge funds that made millions from the implosion of America's subprime market are betting on a similarly dramatic collapse of the euro.
Traders are predicting chaos on the world's second-largest government bond market after the German authorities announced a ban on all naked short-selling in European public debt, as well as shares in the country's 10 largest financial institutions.
GAM is preparing to soft-close two of its most recently launched funds, Star Global Rates and Star Discretionary FX.
Quality Capital Management (QCM) is pushing into the retail market with the launch of a Ucits III version of its managed futures hedge fund.
The FSA is today meeting senior officials from Goldman Sachs over the bank's involvement in structuring complex debt intruments during the financial crisis, Investment Week understands.