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London begins to lose appeal for hedge funds
September 30, 2009-London’s position as the world’s number two city for hedge funds is beginning to slip after almost a decade of gaining ground.
New York, meanwhile, is reasserting itself in spite of the Madoff scandal, the fall of Lehman Brothers and a series of high-profile fund liquidations
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Source: FT.com
Man signals comeback of private investors
September 30, 2009--Investors have begun to return to funds run by Man Group, the world’s largest listed hedge fund manager, signalling a change in fortune over the second quarter for the London-based company.
Total assets under management, at $43.8bn (£27.4bn), are down from their peak of $79.5bn in June 2008, but flows have stabilised over the past six months, according to Man.
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Source: FT.com
Source’s assets reach USD2.2bn
September 30, 2009--Source, a provider of exchange-traded products, says total assets in its range of products have reached USD2.2bn (EUR1.5bn).
Source’s new sector products have gathered nearly USD950m (EUR650m) in just over two months in the market and have been widely accepted in the institutional market, particularly by hedge funds.
The products are designed to facilitate trading and investment through buying, short-selling, borrowing and lending.
