News

Russia’s Otkritie Securities has unveiled an ambitious plan to expand its year-old prime brokerage.

A pair of British-based hedge fund managers is among the richest young Australians, according to an annual survey.

The Managed Funds Association has added a British hedge fund manager to its board as the primarily U.S. lobby group casts its eye across the Atlantic.

Another European hedge fund has moved its products onshore in advance of (increasingly unlikely) new European Union rules covering hedge funds.

The London-based firm’s Asia hedge fund is the latest casualty of the firm’s retrenchment efforts following its management team’s buying the firm back from EFG International this summer. Marble Bar, led by Hilton Nathanson, has been cutting back on strategies added by the Swiss bank since it bought a majority stake in the hedge fund three years ago, and has laid off half of its staffers.

JPMorgan Chase has set up a new alternative investments unit within its asset management division and has begun transferring its proprietary traders to the new business.

France has led the battle for tough new hedge fund regulations for the European Union. But the country’s refusal to compromise on several outstanding issues may doom the controversial new rules.

Investment bank Moelis & Co. has agreed to buy hedge fund Gracie Credit, giving its asset management division a foothold in the alternatives business.

Avenue Capital Group has jumped into the sweepstakes to lure Goldman Sachs’ top proprietary traders.

Big redemptions and a precipitous drop in performance fees add up to bad news about the Man Group’s first half profit.