ECB expects higher level of leverage at hedgefunds (Fund News)
The hedge fund industry is likely to gain ground in the near future and this, in turn, is expected to lead to increased leverage, the European Central Bank said this week.
Man returns underscore rationale behind GLG move (Fund News)
Mixed returns and heavy redemptions from clients at Man Group underscored plans to acquire rival GLG Partners, the listed hedge fund said in its full-year results released yesterday.
Shareholder sues GLG over acquisition by Man Group (Fund News)
GLG Partners, the US-listed hedge fund manager that is being acquired by Man Group, is being sued by a shareholder who accuses its management of unfairly gaining from the deal.