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.
Helmut Kiener, founder of the K1 hedge fund group, who is accused of defrauding investors, claims Barclays and other investors have started â??a witch huntâ?� against him to deflect attention from their own mistakes.