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Hedge Funds - Asias Headlines

Lone Pine-backed hedge fund to launch in London - sources

LONDON Lone Pine Capital senior analyst Ran Li is to start a new London-based equities hedge fund backed by the U.S. firm, sources with direct knowledge of the matter told Reuters, in what could prove one of the year's biggest European launches.

Hedge funds back off bets on China devaluation

LONDON Two of the three types of hedge funds which bet heavily on a sharp devaluation of China's yuan last year have backed off the trade, leaving only some ultra-bearish "Black Swan" investors holding long-term bets, fund managers and bankers said.

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Bernie’s brother captures social media in tearful tribute

It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.