GAM Holding AG reports that assets under management rebounded between June and October, although inflows were mainly into low margin products with alternative products still under pressure.
Hedge fund Paulson & Co. took a stake in Citigroup while cutting holdings in Bank of America and its interest in Goldman Sachs according to a regulatory filing on Friday.
BlueCrest Capital is moving a significant portion of its operations to Geneva amid growing concerns about London??s status as a centre for alternative asset managers.
Helmut Kiener, founder of the K1 hedge fund group, who is accused of defrauding investors, claims Barclays and other investors have started ??a witch hunt? against him to deflect attention from their own mistakes.