Man Group shares surge on debt buyback (Headlines)
Reuters reports that hedge fund firm Man Group cheered investors with plans to use surplus cash to buy back all its debt securities, overshadowing a surge in client outflows to the highest level since the onset of the credit crisis.
Hedge funds cut bullish commodity bets to a six-month low as mounting concern that slowing economic growth will erode demand drove prices toward the first fourth-quarter retreat since the global recession.
SEC officials raise concerns about lifting advertising ban (Headlines)
According to a report by Reuters two U.S. securities regulators on Thursday said more safeguards for investors should be considered before a rule lifting the ban on general advertising for private offerings is adopted, with one going so far as to call for a complete re-write of the proposal.
Man to launch Bond Hedge Fund in association with Nomura (Headlines)
Man Group has partnered with Nomura to launch a fixed income hedge fund, with the aim of delivering alternative exposure and double digit returns in the low interest rate environment.