A Luxembourg court has ruled that victims of the Bernard Madoff scandal who invested through the $1.4bn Luxembourg-based LuxAlpha fund set up by UBS cannot sue the Swiss bank and auditor Ernst & Young directly.
Henderson on the look-out for further acquisitions (Fund News)
Andrew Formica, Henderson's chief executive said that "Henderson remained alert to acquisition opportunities but that they will be choosy." Last year Henderson snapped up its ailing rival New Star Asset Management.
Credit Suisse this week announced the launch of the Long/Short Liquid Index ETN (CSLS), a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index.