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Former Merrill Lynch prop desk co-head Mark Devonshire has taken his new distressed debt fund to Harbour Capital, the London-based hedge fund investment management platform.
A sharp spike in investor risk aversion had a significant impact on hedge funds investing the emerging markets in the most recent quarter, according to Hedge Fund Research.
Traded life policy Assured Fund ‘has put rival investment classes into the shade’, says fund manager Policy Selection.  
The US Commodity Futures Trading Commission has obtained more than USD12m in restitution and civil monetary penalties against nine Florida defendants to settle an anti-fraud lawsuit in
Hedge fund industry body the Alternative Investment Management Association has announced the appointment of Todd Groome as its non-executive chairman together with the restructuring of
PMA Investment Advisors, an Asia-based hedge fund manager, has announced positive November results for the Harvester Fund, its flagship macro fund focusing on foreign exchange and rates
Epitome Global Services has announced that it will offer a hedge fund rehab platform to advise and assist troubled funds. 
Prime Source, a NYSE Euronext company, and Pricing Partners have announced a partnership whereby they will join forces in the valuation business.
Delman SA says the DM Swiss Equity Asymmetric Fund has completed its first year of operation realising a net gain for its investors of +2.67%.
Buenos Aires-based asset manager the Cima Group says its Argentine-based Cima Aconcagua fund has returned 40 per cent this year as a result of restructuring its management and refocusin

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