Bank of Bermuda has just been named the top hedge fund custodian/trustee and the number two hedge fund administrator in a survey by CogentHedge of the most frequently named

Goldmans Sachs operates one of the largest funds of  hedge businesses in the world . In this interview with Hedgeweek, Hugh Lawson outlines the scale of the business and its strategy in Europe. HW: What is the scale of the funds of hedge funds business at Goldman Sachs? HL: We currently operate across North America, Europe and Asia with US$6.5 billion in assets under management in funds of hedge funds across all main sectors of the hedge fund universe. HW: What is your target market in Europe? HL: We operate in all the major markets in Europe but concentrate on

London-based Fortune Group has been chosen by New Jersey-based Devonshire Warwick Partners (DWP) to partner with the firm in the launch of its new volatility arbitrage fund.

The sale of  London-based Threadneedle Asset Management Holdings Limited to American Express Financial Corporation will have no material impact on Threadneedle’s growing US$

Gartmore has announced that it has passed the significant milestone of US$3 billion in assets under management for its hedge fund business.

Russell (Frank Russell) has selected London-based Thames River Capital to manage three assignments within its manager-of-managers funds.

 London-based Aspect Capital has appointed Michael Adam as Director of Risk Management.

Recent changes in Cayman law will allow existing companies to convert into Segregated Portfolio Companies (SPCs).

London-based Investec Asset Management (Investec) has launched a second tranche of its fund of hedge funds, Investec Absolute Return Fund Series.