hedge fund

A hedge fund made £90m in just a few days by betting against the price of Royal Bank of Scotland shares, it was revealed today.

Pension funds have reduced their equity exposures by almost 10% in 2008, according to research by the National Association of Pension Funds (NAPF).

Large numbers of pension scheme managers have shifted investments from equities to bonds and other investments over the past twelve months, according to Aon Consulting.

The effects of the credit crunch could continue to have an adverse effect on the investment market for two or three years, according to Nicola Horlick, chief executive of Bramdean Asset Management.

A greater knowledge of hedge funds among investors and advisers is needed to enable a well-functioning retail market for the products, according to Datamonitor.

FTSE100 alternative investment company Man Group has reported a 60% jump in before tax profit over the year to 31 March, to $2.08bn.

London-listed hedge fund manager Absolute Capital is planning to covert its Argo Capital business into a new independent entity.

Peloton Partners has begun shutting down a £1bn London-based hedge fund due to severe losses as a result of the credit crunch.

The FSA has been forced to delay a policy statement which would allow retail investors in the UK to invest in Funds of Alternative Investment Funds (FAIFs), including funds of hedge funds.

P-Solve Alternative Investments, a London-based fund of hedge funds manager, has launched its fund of hedge funds on the Nucleus wrap platform.