Ashmore, an emerging markets asset manager, was hit hard by redemptions in the three months to September 30, particularly from investors moving out of dollar-denominated debt.
Hedge funds turn to Bank of England for help (Fund News)
A group of large US hedge funds has called on the Bank of England to intervene to free an estimated $65bn in assets frozen in London in the collapse of Lehman Brothers.
YouGov has abandoned plans to form its own hedge fund in partnership with Numis Securities and Four Capital Partners after Numis failed to raise the funds.