Avesta Capital returns money to investors (Headlines)
Avesta Capital Advisors LLC, the $600m equity hedge fund run by William Tung, is giving back outside capital after almost a decade in business, according to a letter sent to investors.
Hedge fund walks away from Greek debt talks (Headlines)
Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.
BlueCrest’s Platt considers European banks insolvent (Headlines)
Michael Platt, the founder of the $30bn hedge fund BlueCrest Capital Management LLP, thinks most of the banks in Europe are insolvent and the situation will worsen in 2012 as the region’s debt crisis accelerates.
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