Franklin Templeton completes purchase of K2 Advisors (Fund News)
Investment firm Franklin Templeton Investments announced last week that it has completed the purchase of a majority stake in fund of hedge funds manager K2 Advisors.
Activist Fund Octavian Advisors shutting down (Fund News)
Octavian Advisors, a roughly $1bn hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses.
New Mexico's public pension fund shifts Hedge Fund allocations (Fund News)
Reuters reports that New Mexico's public pension fund, a big investor with hedge funds, asked Eton Park Capital Management and Marathon Asset Management to return its money as the fund overhauled its portfolio, the fund's chief investment officer said on Wednesday.