Augustus hedge fund doubles assets under management (Fund News)
Fund firm Augustus Asset Managers said that assets under management in its fixed income and currency macro hedge fund have bucked market trends and doubled in the year to end-October.
Fortress, DE Shaw, Farallon suspend redemptions (Fund News)
Fortress Investment Group, the listed private equity and hedge fund group, has suspended redemptions at its flagship Drawbridge Global Macro Fund after investors sought to withdraw more than $3.5bn in funds, according to a regulatory filing Wednesday.
Neuberger managers buy Lehman asset management unit (Analysis)
Neuberger Berman and other asset management operations of the bankrupt Lehman Brothers investment bank will be sold to a group of the unitâ??s portfolio managers who won the business on Wednesday in a court auction.
Man Group CEO says banks more leveraged than hedge funds (Fund News)
Peter Clarke, CEO of hedge fund manager Man Group Plc said on Tuesday that banks were more highly geared than hedge funds and bank deleveraging had been the main driver of asset-price declines.