Black River to shut four funds and eyes job cuts

Firm to return $1bn to investors with jobs and offices also under threat

Business people shakeing hands, copy space

South Ferry Capital Management appoints CCO

Sigma spinout takes on multi-family office pro


Serengeti partner leaves to start her own fund

Vivian Lau understood to be preparing to launch vehicle

One in four managers fear non-traditional competition

Study finds 25% of managers see entrance of tech or non-financial players as “highly likely”

News round-up: AQR trading head leaves as SEC probes old firm

Fortress to shrink macro business; Paulson donates $8.5m to academy schools and more…

Prestige opens second Malta office

Naxxar space follows AIFMD licence from regulator

FCA hires wholesale investment supervision head

Megan Butler joins on secondment from the PRA

Hedge fund leverage falls -1.3% over last week

Consumer cyclical exposure boosted while other sectors cut, reports JP Morgan

Cowen Group to acquire Conifer prime business

Cowen makes second acquisition in a month with Conifer deal

Chenavari launches l/s credit Ucits fund on Lyxor platform

Strat to focus on niche debt and bank deleveraging opportunities

News round-up: Treasury allows BoE appointee to retain HF share

Celgene accuses hedge fund manager of profiting from attempts to wipe out its patents; and more…

Global macro strats in demand with investors in H2

Credit Suisse survey shows 93% intend to maintain or increase HF allocations

Esma excludes Cayman from AIFMD passport

Guernsey and Jersey win approval

Mitsubishi launches emerging manager service

Service aims to get new managers to market quicker

EU Commission pushes for pan-European insolvency regime

Hedge funds say rule changes are essential for Capital Markets Union

Ex-Fred Alger tech pro to launch new TMT l/s fund

John McPeake set to launch Devi Capital Management in October

Man Group profits up on fee income jumps

Performance fees nearly double in H1, driven by AHL

UBS launches GBP share class for global l/s fund

Irish-domiciled vehicle seeks less volatility than long-only funds