GAM Holding AG reports that assets under management rebounded between June and October, although inflows were mainly into low margin products with alternative products still under pressure.
Hedge fund Paulson & Co. took a stake in Citigroup while cutting holdings in Bank of America and its interest in Goldman Sachs according to a regulatory filing on Friday.
BlueCrest Capital is moving a significant portion of its operations to Geneva amid growing concerns about Londonâ??s status as a centre for alternative asset managers.
Two former Bear Stearns Cos hedge fund managers were acquitted of fraud charges on Tuesday, a setback to government prosecutors that could make them less aggressive in trying to root out Wall Street wrongdoing.