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.
Man Group's assets decline by 8.5 per cent (Fund News)
Shares in Man Group tumbled after the hedge fund manager reported an 8.5 per cent decline in assets under management, as volatile markets led investors to seek safer havens for their cash.
August likely to be worst month for Hedge Funds since Oct. 2008 (Fund News)
The FT reports that August will be the industryâ??s worst month since October 2008, when the collapse of Lehman Brothers triggered a worldwide sell-off.
TPG Capital has bought a large minority stake in Danish online trading platform Saxo Bank, in a $560m deal that marked the US buy-out groupâ??s first foray into the western European financial services sector.