Absolute Capital Management has closed one of its hedge funds and its Mallorca offices in an effort to stabilise the hedge fund group after it demerged Argo Capital, its most successful division.
Shares in Dexia crashed on Tuesday after ratings agency Moodyâ??s said it could strip the Belgian-French financial services groupâ??s U.S. bond insurance subsidiary FSA of its triple A status.
Tate & Lyle CEO calls for hedge fund curbs (Fund News)
Iain Ferguson, chief executive of the sugar refining group Tate & Lyle has hit out at hedge funds and other commodity speculators, calling for them to face greater regulation in a bid to hold back soaring food prices.