Hedge funds
Man Group reported a smaller than expected rise in assets under management for the second quarter, up just $0.5 million over the first quarter to $43.5 million.
Morley Fund Management’s former CIO, Gerard Holtham, has set up a global macro hedge fund. Its backers include Fleming Family Partners and the Carlyle Trust.
UBS Global Asset Management has established a separate hedge fund business to be headed by John Costas, former chairman and CEO of UBS Investment Bank.
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