London-based hedge fund GLG Partners has launched a new distressed fund, according to a report in the Financial Times. The fund, which will invest in the debt of troubled UK and European companies focussing on tradeable, liquid securities and avoiding drawn-out restructurings, will be managed by Galia Velimukhametova, the former European head of US hedge fund King Street Capital, the paper said. The Financial Times adds that GLG’s new fund began trading earlier this month having previously been run as part of its existing credit and market neutral funds since July last year and already manages USD300m of clients’ money.

Hedge fund manager James Palotta is to close his USD800m Raptor Global fund following investor withdrawals and losses, according to media reports.<

Ravi Mehra, who made Vega Asset Management one of Europe’s largest and best known hedge fund managers, is returning to the market to capitalise on a market environment that he believes wil

The Children’s Investment Fund Management, the hedge fund firm founded by Christopher Hohn, has emerged as the single largest seller of Indian stocks among foreign institutional investors.

Citadel Investment Group, whose two biggest funds fell by some 55 per cent in 2008, is ready to return to investors after starting the new year in sparkling form.

The Hennessee Hedge Fund Index declined by 0.78 per cent in February, although it remains positive with a bare 0.12 per cent gain so far in 2009, according to Hennessee Group, a provider o

Peter Urbani, chief investment officer of fund of funds manager Infiniti Solutions, argues that even amid the market turmoil of 2008, newer and smaller hedge fund managers significantly ou

The former chief executive of Man Group, Stanley Fink, is reported to have bought an apartment with what is said to be the best view in London for GBP10m, a four-floor penthouse at the top

Crispin Odey, the high-profile hedge fund manager, has turned bullish on UK banks recently because he thinks their share prices are currently cheap.