LONDON The European Union is not planning to radically overhaul its hedge fund rules given they are already a "success story", an EU official said on Tuesday.
ZURICH Credit Suisse expects to take a roughly $450 million (336.95 million pounds) impairment on alternative investment firm York Capital Management's retreat from its core hedge funds business, the Swiss bank said.
LONDON Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally. | Video
LONDON Hedge funds raced to buy back short positions in crude and products last week after Pfizer’s announcement of a successful coronavirus vaccine trial prompted hope for a recovery in consumption next year.
LONDON/NEW YORK Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns.
BOSTON Some U.S. stock investors had feared election week turmoil, but voters' decisions at the ballot box helped many stock picking hedge funds extend a year of gains and even set a daily record, according to managers and people familiar with their returns.
LONDON Crispin Odey is to step back from running his London-based hedge fund firm as part of an overhaul of the group and instead focus on managing money for clients, the firm said on Tuesday.
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