Weavering manipulated returns from 2003 (Fund News)
The manager of Weavering Macro fund, the hedge fund whose collapse prompted an investigation by Britain's Serious Fraud Office, "cynically manipulated" its performance from as early as 2003, a court heard on Friday. Oct. 28.
Singapore Central Bank asks 3 Degrees to stop operating (Fund News)
3 Degrees Asset Management, a hedge fund with $250m under management, was asked by Singaporeâ??s central bank to shutter its operations following allegations that founder Moe Ibrahim diverted assets.
UK funds house Liontrust Asset Management said its assets fell more than 6 percent in its first-half, despite pulling in new client money in August, after slumping stock markets hit its core range of equity funds.