Financial Services & Real Estate Headlines

Man Group's Lagrange takes on Asia chairman role

Man Group has appointed star manager Pierre Lagrange to the newly created role of chairman of Man Asia, as the world's largest listed hedge fund manager seeks to boost its presence in the region.

EU watchdog to study "empty voting" at meetings

European Union regulators followed their U.S. counterparts on Wednesday by looking into "empty voting", a tactic used by activist hedge funds and other investors to influence company meetings.

Hedge fund firm AlphaTran shuts down

AlphaTran Capital, an equity hedge fund firm launched just months before the collapse of Lehman Brothers by a former partner at activist fund TCI, is shutting down, according to regulatory filings.

Hedge fund firm Lansdowne sells Goldman stake

Lansdowne Partners, one of Europe's biggest hedge fund firms, has sold its $850 million (517 million pounds) stake in Goldman Sachs as part of a move out of investment banks burdened by regulation and into retail banks, a source close to the situation said.

Hedge fund manager RAB confirms delisting plans

Beleaguered RAB Capital Plc confirmed plans to quit its stock market listing as one of the European hedge fund industry's highest-profile casualties looks to lick its wounds away from the public glare.

Hedge funds rediscovering taste for Japan

Hedge funds are turning attention to Japan once again and are set to attract more capital on expectations a pick-up in corporate activities there like M&A and share buy-backs would yield strong returns.

Fund partners bring female power to M&A hedgies

Three female fund partners are making inroads into the male-dominated world of hedge funds with a merger-focused investment strategy and a charter passing 25 percent of performance fees to children's charities.

Manny Roman, the new power behind Man Group

Emmanuel Roman, named chief operating officer of Man Group after Europe's biggest hedge fund group acquired his GLG this year, has quickly built a power base to rival that of chief executive Peter Clarke.

Brevan Howard opens Latam unit

Brevan Howard, Europe's biggest hedge funds group, has hired the former deputy governor of Brazil's central bank to head up a new office in Sao Paolo and beef up its regional research muscle, the company said Monday.

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