LONDON Tucked into the attic of a Georgian building in London's West End, seven people run a $200 million hedge fund following artificial intelligence formulas. But the supercomputers that process their complex algorithms are nowhere to be seen.
NEW YORK U.S. stocks are poised to climb more in 2017 as the policies of Republican President-elect Donald Trump are likely to boost earnings, Steven Einhorn, vice chairman of Hedge fund Omega Advisors, said on Monday.
TEL AVIV/LONDON, LONDON Hedge funds should stop making excuses for poor performance, the chairman of Lansdowne Partners said on Wednesday against a backdrop of weak average returns that have prompted some to pull their money out.
LONDON/NEW YORK Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.
LONDON Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main Master fund and its Multi-Strategy fund's management fees to zero for some current investors, a source close to the matter told Reuters.
LONDON Hedge funds and other large money managers have raised their weekly bets on rising crude oil prices, with net long positions in Brent stabilising around levels seen in mid-August when the market got the first indications of a possible OPEC output deal.
LONDON/NEW YORK Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows.
LONDON Hedge fund Balyasny Asset Management (BAM) is closing a $250 million "discretionary" portfolio run by Torbjorn Andreassen who is leaving the firm, a source told Reuters on Thursday.
LONDON Hedge fund assets grew by $19.9 billion in the first six months of 2016 despite performance losses of $5.2 billion, industry tracker Eurekahedge said on Tuesday.
LONDON Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday.
NEW YORK/WASHINGTON U.S. President-elect Donald Trump and the speaker of the U.S. House of Representatives, Paul Ryan, were meeting on Friday to discuss their policy agenda, a spokeswoman for Ryan said. | Video