Hedge fund DE Shaw shuts doors to new investors (Fund News)
One of the most profitable hedge funds has closed its doors to new clients, calling time on the industryâ??s ability to square vast inflows of money with the promise of market-beating returns.
FX Concepts Considers Closing Flagship Fund to Stay Afloat (Fund News)
Reuters reports that FX Concepts, once the world's largest currency hedge fund, is examining several options to stay afloat, including closing its main fund after a flood of withdrawals left overall assets at a fraction of the $14 billion peak, according to the firm's chief strategist.
Hedge Funds make record bearish Corn bets (Fund News)
U.S. farmers are poised to reap their biggest-ever corn crop, expanding global stockpiles to the most in 13 years and spurring hedge funds and other speculators to make record bets that prices will keep slumping.
Winton developes new computer model for hedge fund (Fund News)
Winton Capital, one of the world's biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money, according to a report by Reuters.