Investment bank and asset manager Richmond Park Capital has bought fund of hedge funds firm Olympia Group for an undisclosed price, Richmond Park said in a statement on Friday.
Two underperforming investment funds recently frozen by French bank BNP Paribas are being restructured in the face of a "significant" number of redemption requests, according to investors in the funds.
The European Commission (EC) has been accused of trying to bury a recent report detailing the exact role played by hedge funds in the Greek debt crisis and the damage inflicted by credit default swaps (CDS).