News

Sometimes, it seems that John Paulson can do no wrong. The Paulson & Co. chief continued his remarkable winning streak on Friday, covering his short interest in the Royal Bank of Scotland just in time: RBS shares soared almost 20% yesterday.

Lasair Capital has added a hedge fund industry veteran as CFO, it told investors yesterday.

C.P. Eaton Partners has added Alex Walker to its London office as vice president, focusing on capital raising and origination for private equity real estate and other alternative investment strategies.

Investments in clean energy and efficiency will help spark economic growth in California, says venture capitalist Noel Perry, founder of Next 10, a Palo Alto non-profit.

GE will become the first tenant in Masdar City, Abu Dhabi's $22 billion carbon-neutral, zero-waste project.

Old Mutual Asset Managers has added to its hedge fund portfolio with the launch of the Old Mutual Currency Fund.

Two French banks are merging their asset management divisions to combat the crisis gripping the financial services sector worldwide.

Japanese and Asian equities and hedge fund specialist Tokio Marine Asset Management, which officially launched its London business this month, has appointed Polly Smith as head of sales and marketing for Europe, the Middle East and Africa.

Despite the downturn, hedge funds are still a major force in the U.K. economy.

By Sidney Wigfall -- Hedge funds are complex investment funds that often lack the transparency associated with more traditional investment funds.