Man Group CEO says banks more leveraged than hedge funds (Fund News)
Peter Clarke, CEO of hedge fund manager Man Group Plc said on Tuesday that banks were more highly geared than hedge funds and bank deleveraging had been the main driver of asset-price declines.
Tudor Investment Corp. plans to split its $10bn BVI Global Fund into two separate funds and has suspended withdrawals until the restructuring is complete.
Actis announced that it had raised $2.9bn for its new private equity fund to invest in companies across Africa, China, India, Latin America and south-east Asia.
BlueBay plans to close emerging markets fund (Fund News)
BlueBay Asset Management plans to shut a $1.2bn hedge fund after it lost a third of its value in three weeks and its portfolio manager resigned after valuation guidelines were breached, the London-based company said on Thursday.