Partners Group Holding AG (PGHN.EB) Monday said it has sold its hedge-fund managed-accounts business to Sciens Capital Management, completing the Swiss asset manager's move out of hedge funds.
Former GLG manager plans new hedge fund (Fund News)
Jason Wang, a former manager at GLG Partners Inc., and Simon Quirke, who helped manage Lionhart Advisors Group Ltd.â??s Asian investments, are starting an equity hedge fund that will focus on commodities-related industries.
An executive at Woori Investment & Securities has been charged by the CFTC with illegally trading natural gas and heating oil futures at his employerâ??s expense.
GMAC Financial Services said on Monday its Residential Capital unit had agreed to sell its European mortgage assets and businesses to affiliates of hedge fund and private equity firm Fortress Investment Group (FIG.N).