The global gloom over China's yuan has deepened swiftly, with investment banks slashing forecasts and some analysts and money managers arguing it should fall by 15 per cent or more to respond to Beijing's financial imbalances.
Solo Capital Partners, a hedge fund with offices in London and Dubai, is to be closed down, according to a statement on the firm’s website, amid reports of a probe into its activities by Danish prosecutors.
The co-founder of privately-owned Kuwaiti oil firm Zahra Group is set to launch a new $100 million global equities hedge fund targeting ethical investments, the biggest Gulf launch for five years.
The fund will invest using the pr
Hedge funds are expected reach a record breaking $3 trillion by the end of this year, as compared to $2.6 trillion last year, said a report.
Deutsche Bank’s 12th annual Alternative Investor Survey said this is based on inves
JP Morgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon.
A modest, consistent holding of gold mitigates the potential for significant loss of value during extreme market events, according to a new study published by the World Gold Council (WGC).
In its latest report, Gold: Hedging Against Tail R
Steel traders in Gulf region are taking advantage of low prices to hedge their funds in the metal, executives said on Monday.
The price for rebar -- steel used in construction -- fell to almost a third from a peak of around $1,700 a tonne
World leaders will pledge to regulate major hedge funds for the first time and set up a new oversight board to monitor the global financial system, according to a draft of the G20 communique.
The draft, obtained by Reuters from delegation
The Hedge Funds industry, which could face additional tremors following the financial turmoil in US capital markets, is looking Eastwards both for investing and for getting allocations, according to a survey conducted by Terrapinn.