SRM Global, the hedge fund that is Northern Rock�??s largest shareholder, has fallen almost 50 per cent since it raised $3bn (£1.5bn) in Europe�??s biggest hedge fund launch in 2006, according to investors, as a series of big bets turned sour.
The buy-out firm has hired Nobuhiko Ito, former president and chief executive of General Electric in Japan, as a senior adviser to its Asian buy-out fund.