EU top-parliamentarian recommends strict hedge fund rules (Fund News)
Top parliamentarian Jean-Paul Gauzes has written to members of an influential European Union committee recommending strict rules for hedge funds that clamp down on pay and borrowing, according to Reuters, which cited his report.
Ex-Renaissance MD Frey returns with new fund (Fund News)
Robert Frey, former managing director at Renaissance Technologies, one of the world's biggest and most profitable hedge funds, is returning to the industry with the launch of a new fund.
GAM Holding AG reports that assets under management rebounded between June and October, although inflows were mainly into low margin products with alternative products still under pressure.