Swiss hedge funds company Gottex posted an operating loss in the first half of 2010 as persistent scepticism about alternative investments continued to depress revenues. The company said on Thursday it had slipped into an operating loss of $1.1m, against a profit of $9.2m a year earlier.
Vote on EU directive to regulate hedge funds again delayed (Headlines)
The European Union will again delay voting on regulation aimed at giving foreign hedge funds a single license to operate in Europe due to disagreement over the move, a senior lawmaker said on Wednesday.
Stanley Druckenmiller exits hedge fund business (Fund News)
Stanley Druckenmiller, the hedge fund manager, announced his retirement on Wednesday, saying he was disappointed in his performance during this yearâ??s market volatility. The text of his letter to investors is printed below.