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Largest hedge funds suck in cash

Hedge Fund

A new investigation of industry assets by Absolute Return reveals that, once again, the largest funds are controlling more assets than ever.

Hong Kong protests explained

Hong Kong

Riot police advanced on tens of thousands of protesters in Hong Kong's Admiralty district on Sunday, and the stand-off continued Monday morning, in the territory's worst incident of unrest in decades.

Bill Gross quits Pimco for Janus Capital

Bill Gross Interview Pic

Bill Gross, the world renowned investor known as the ‘bond king’, has dramatically quit the $2tn investment firm he set up more than 40 years ago due to “fundamental differences” with the company.

Gross exit ripples through bond market

Exit Sign

The sudden exit of Bill Gross from Pimco sparked a knee-jerk selloff in the Treasury market, a drop in Pimco closed-end funds and rallies in competitors' shares as traders gamed whether the world's largest bond house would see an exodus of investors and a repositioning in its funds.



Waste Paper Basket

Wasteful banks throwing money out the window

Banks have topped the list of companies that are throwing money away on unnecessary costs, wasting up to 10 per cent of their revenue each year according to a survey from the Chartered Institute of Management Accountants (CIMA).