Fortress to shut event-driven hedge fund unit

Centaurus Global Funds to close as asset manager trims ‘underperforming liquid markets’ division, Q2 results reveal

Opportunity for credit funds ‘flourishing’, according to new research

Deloitte and Aima affiliate report finds private credit fund market grew by $120m in a year

Chicago Skyline aerial view with road by the beach

Dixon Midland preps multi-strat fund launch

Chicago firm to combine existing managed futures fund with US l/s equity strategy

News round-up: Ex-Fortress manager preps macro shop

Toscafund reveals 14.7% flagship loss after Brexit; Goldman Sachs EMEA cap intro head departs

AllianceBernstein confirms Visium deal is off

$490bn asset manager says it won’t proceed with acquisition of Visium Global fund

Hathersage hires FX veteran as senior PM

Andrew Wilkoff joins macro manager from Standard Chartered

Fiera Capital to acquire Larch Lane Advisors

Canadian money manager buys FoHF to expand US alternatives offering

Tages Capital adds second fund to Ucits platform

Anavon Capital’s long/short equities strategy to launch with $28m

Guggenheim Partners shuts GFS alt Ucits platform

Funds transferred to Swiss private bank; move follows managed account platform closure

Jupiter hires ex-Dexion investment head for major alts push

Magnus Spence will launch new products across asset class and region

News round-up: Steve Cohen to invest up to $250m in Quantopian

Einhorn plays down UK EU exit impact; distressed debt managers fail to impress in H1; and more…

Former Soros PM Randy Yuen starts Jafra Capital

Global long/short equity firm launched on 1 July with ‘several hundred million’

Hedge funds suffer $21bn June outflow

Large redemptions bring net outflow this year to $28bn, eVestment data shows

EU activism crackdown forces Greenlight to keep quiet

Market abuse regulation forces change of policy at $8.6bn activist manager

Man Group assets fall despite HF growth

Investment losses drive group AUM down 3% to $76bn

Maples hires Dallas Police & Fire Pension CIO

James Perry was in his role with the $2.7bn scheme for under a year

FoHF IAM stops marketing to US investors after 10 years

$4bn manager pulls back from New York to focus on Europe

News round-up: Pimco cutting junk bonds, corporate debt

Toscafund flexes activist muscles; Pandora hires advisory amid hedge fund pressure; and more…