British hedge fund Man Group said on Monday that the former Deutsche Bank chief executive John Cryan has been appointed chairman and will start his new role in January 2020, replacing Ian Livingston.

British hedge fund manager Man Group's president Jonathan Sorrell will stand down with immediate effect, the company said on Wednesday.

AQR of the United States and Marshall Wace of Britain are among hedge funds to have taken sizeable positions over the past month to benefit from perceptions of European banks' vulnerability to recession.

Hedge fund managers remain deeply divided about what matters more for the future direction of oil – intensifying fears about a global recession or Saudi Arabia’s production cuts and other supply disruptions.

Activist investor Elliott has disclosed a stake in Saga Plc less than a month after the specialist tourism and insurance firm warned discounting was hurting its tours business.

Hedge funds and other money managers left their petroleum positions essentially unchanged last week as the poor outlook for consumption offset production concerns stemming from tensions in the Middle East.

Hedge funds are ditching the traditional "two and twenty" fee structure that has hurt the sector's public image and invited criticisms of poor value for money, a global survey of hedge fund managers showed on Wednesday.

Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies.

Hedge funds sold more Brent futures and options last week as concerns about the global economy trumped the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend output cuts.

Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels.