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Exclusive - Schonfeld in talks to open UK office: sources

Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors is in preliminary talks to open an office in Britain to invest in more European money managers, two sources with direct knowledge of the matter told Reuters.

Man Group shares lifted by rise in managed assets

British hedge fund firm Man Group said net inflows, positive market moves and the impact of a recent acquisition helped to boost funds under management by 10 percent in the first three months of the year.

In Texas legislature, tempers flare over immigration crackdown

Tensions between Republicans and Democrats boiled over on the floor of the Texas Legislature on Monday as protesters filled the gallery on the last day of the session to denounce a new law cracking down on cities giving sanctuary to illegal immigrants.