Actis announced that it had raised $2.9bn for its new private equity fund to invest in companies across Africa, China, India, Latin America and south-east Asia.
BlueBay plans to close emerging markets fund (Fund News)
BlueBay Asset Management plans to shut a $1.2bn hedge fund after it lost a third of its value in three weeks and its portfolio manager resigned after valuation guidelines were breached, the London-based company said on Thursday.
Satellite Asset Management LP stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firmâ??s assets to about $4bn this year.
Sparx Group Co., Asiaâ??s biggest hedge-fund manager with $8.8 bn in assets, will close its U.K. office and some U.S. operations amid investor withdrawals and declining earnings.