News

CQS is set to close its multi-strategy Directional Opportunities Fund.

The Lutetia Patrimoine Fund, a Paris-based UCITS absolute-return fund specializing in merger arbitrage marked its first birthday with a 26-fold increase in AUM which now stand at about $80 million.

Highbridge Capital Management's former relative value credit head is sticking with that strategy—but at his own hedge fund.

Hedge fund Mountain Capital Management—and 44 other investors—have settled with the court-appointed receiver in the Westgate Capital Management Ponzi scheme case.

Artemis Investment Management is among a handful of funds of hedge funds and asset managers mulling a reverse-merger with Gartmore, which has been slammed with redemptions following the resignation of top hedge fund manager Roger Guy earlier this month.

The Northamptonshire County Council's pension fund is taking a hard look at its portfolio, and hedge funds could prove one big beneficiary of that review.

Consultancy Mercer has boosted its hedge fund and foundations and endowments business with a deal to buy rival Hammond Associates.

London-based RWC Partners will launch its first Ireland-domiciled fund, the RWC Macro Fund, managed by Peter Allwright and Stuart Frost, at the end of January 2011.

Family office advisory Somerset Capital has appointed Jill Hodges as a partner to lead its hedge fund practice.

Affluent investors are feeling more confident than they have in a some time, according to a new survey by the custom market research company TNS.