Citadel seeks to recover $470m it is owed by Lehman (Fund News)
Citadel Investment Group, the Chicago-based hedge fund, is seeking to recover $470.5m it believes it is owed by the failed investment bank Lehman Brothers, according to court documents.
FSA commisions study on EU draft regulation (Fund News)
Britain's Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, according to Reuters.
The Wall Street Journal reported on Friday that Cerberus Capital Management's core hedge funds clients have opted to withdraw the majority of the money in the funds.
3i, formerly one of the leading Venture Capital Groups in Europe, has entered exclusive talks to sell a portfolio of 36 European venture capital investments to a consortium led by Coller Capital and HarbourVest Partners for about £100m.