Henderson liquidates global currency funds (Fund News)
Henderson, the UK asset manager is winding up its £37m Luxembourg-based Henderson Horizon Global Currency fund, which is regulated under the European Unionâ??s Ucits III directive, as well as its £10m Henderson Global Currency fund, a hedge fund domiciled in the Cayman Islands.
Weavering manipulated returns from 2003 (Fund News)
The manager of Weavering Macro fund, the hedge fund whose collapse prompted an investigation by Britain's Serious Fraud Office, "cynically manipulated" its performance from as early as 2003, a court heard on Friday. Oct. 28.
Singapore Central Bank asks 3 Degrees to stop operating (Fund News)
3 Degrees Asset Management, a hedge fund with $250m under management, was asked by Singaporeâ??s central bank to shutter its operations following allegations that founder Moe Ibrahim diverted assets.