Clients pull $4bn from HSBC Alternative Investments (Fund News)
HSBCâ??s Geneva-based private bank saw clients withdraw more than $4bn from its hedge fund portfolios in the first half of the year, underlining the acute pressures facing the industry.
Citadel terminates planned E*Trade share sale (Headlines)
Citadel Investment Group LLC reversed course yesterday, cancelling plans to cut its stake in online brokerage E*Trade Financial Corp. by about 10 per cent.
Sweden sees progress on EU hedge fund rules (Headlines)
Sweden, which currently holds the European Union presidency, said that progress was being made on the contentious issue of European hedge fund regulation and that they are optimistic a deal might be reached in the coming months.