Hedge Funds News
Hedge fund assets shrink 9 pct
BOSTON (Reuters) - Hedge-fund assets shrivelled by 9 percent last month, sinking to their lowest level in two years as stocks tumbled and investors withdrew a record $40 billion (£26.7 billion). Full Article
Stock markets may trade sideways for 15 years-Hendry
LONDON (Reuters) - Stock markets may remain stagnant and trade sideways for over 15 years, according to hedge fund manager Hugh Hendry, who believes many large mutual fund firms could disappear as a result. Full Article
New Star co-chief investment officer leaves
LONDON (Reuters) - New Star Asset Management said on Friday joint chief investment officer Stephen Whittaker is leaving the company as part of a reorganisation. Full Article
More Hedge Funds News
Pension schemes set to up hedge fund exposure-LCP
LONDON (Reuters) - Pension funds are likely to continue raising allocations to hedge funds over the longer term, despite disappointing performance this year, pensions consultant Lane, Clark and Peacock said. Full Article
GAM to commit "significant" cash to new hedge fund
LONDON (Reuters) - Hedge fund firm GAM said on Wednesday it plans to launch a global long/short fund to invest in stocks it believes will benefit from major structural changes and plans to commit "significant" amounts of money to the fund. Full Article
VIEW-Fidelity's Bolton says financial stocks to rise first
TOKYO (Reuters) - Fidelity International's Anthony Bolton, one of Britain's top performing fund managers, said on Thursday financial and consumer stocks may be the first to recover after taking hard action against the credit crisis. Full Article
EU to make proposals on hedge funds next month
STRASBOURG, France (Reuters) - The European Commission will make proposals on hedge funds and private equity next month, the head of the EU's executive arm said on Tuesday. Full Article
Hedge fund December cash call won't hit market hard
LONDON/BOSTON (Reuters) - Hedge funds are facing heavy year-end outflows as investors pull out their cash after record poor returns, but this is unlikely to heighten market volatility as many funds have already taken evasive action. Full Article
Austrian pension fund APK puts off hedge fund bet
FRANKFURT (Reuters) - The Austrian multi-sector pension scheme, APK Pensionskasse, has put on hold plans to more than double its exposure to hedge funds and private equity, its chief executive said on Tuesday. Full Article
M. Stanley Asia prime broker head leaves-source
HONG KONG (Reuters) - The head of Morgan Stanley's prime brokerage arm in Asia, Kurt Baker, has left the firm amid the slump in Asia's hedge fund industry, a source with direct knowledge of the situation said on Wednesday. Full Article
Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 49.59 | +3.04% | 21 Nov 13:19 GMT |
| Gold | 763.4 | +1.93% | 21 Nov 13:30 GMT |
