Average hedge fund returns recovered in May on the back of an overall recovery in equity markets during the month, according to index providers Edhec, Greenwich Alternative Investments and

Five of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in May.

Hedge funds suffered an estimated capital outflow of USD5.9bn in April, the first since the industry saw outflows of USD2bn in December 2005 and the largest since USD6.1bn in October 2001,

AIG Investments and Larch Lane Advisors, the alternative investment affiliate of Old Mutual Asset Management, have formed a joint venture to make seed investments in hedge funds.<

The board of Thames River Multi Hedge PCC, a closed-ended Guernsey-domiciled protected cell company, has received applications for GBP106.6m in new shares through the placing and offer for

A hedge fund focusing on Russia and the former Soviet Union, Da Vinci CIS Private Sector Growth Fund, has become the first listing on the Specialist Fund Market, the London Stock Exchange’s new market

More than 60 administrators serviced USD2.76trn in assets managed by 13,804 hedge funds at the end of the first quarter, according to the third survey of hedge fund administrators by indus

The hedge fund industry lacks consistently applied pricing standards and methodologies that are needed to improve transparency of fund pricing and valuation, according to a research paper

Despite a number of high-profile failures in the hedge fund industry and the continuing impact of the credit crunch, many managers believe the market dislocation has created increased buyi