LONDON Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term.
LONDON Hedge funds are circling British car dealers, betting on their increasing vulnerability as a five-year sales boom hits the skids in the face of waning consumer confidence and an accompanying drop in resale values.
LONDON British activist TCI Fund Management's main hedge fund is set to end the year up 29 percent despite a very public battle with the London Stock Exchange , a letter to investors, shared with Reuters, showed.
LONDON Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year's hurricanes and wildfires.
LONDON British hedge fund manager Christopher Hohn will not attend a vote on the motion brought by his firm to oust London Stock Exchange chairman Donald Brydon, a source close to the firm told Reuters.
LONDON From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt.
LONDON Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday, with investors cautiously adding some long bets at the start of a week when Britain and the EU will sign off on a deal to move to the next stage of Brexit talks.
LONDON Whitbread shares jumped more than 7 percent on Wednesday after U.S.-based hedge fund Sachem Head Capital Management declared a 3.4 percent stake in the British hotel and coffee chain operator.
LONDON A year ago, the consensus view of the world economy and markets coming into 2017 was for a Goldilocks mix of strong growth, decent corporate profits, low volatility, a gradual drift higher in bond yields, and a continued "melt up" in stocks.
LONDON Non-executive directors at the London Stock Exchange are committed to remain in place if chairman Donald Brydon is removed, hedge fund TCI fund management said.
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