Warren Buffet, the largest shareholder in Moody's Corp, on Wednesday defended the rating agency, saying they had made the same mistakes as other market players ahead of the financial crisis.
ECB expects higher level of leverage at hedgefunds (Fund News)
The hedge fund industry is likely to gain ground in the near future and this, in turn, is expected to lead to increased leverage, the European Central Bank said this week.
Man returns underscore rationale behind GLG move (Fund News)
Mixed returns and heavy redemptions from clients at Man Group underscored plans to acquire rival GLG Partners, the listed hedge fund said in its full-year results released yesterday.