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Hedge fund managers post Q1 losses

Hedge Fund

Paul Tudor Jones, Michael Novogratz and Louis Bacon, hedge-fund managers that profited last year from bets on macroeconomic trends, posted losses in the first quarter as some of those trades turned against them.

Banker and family death now under investigation


Dutch authorities are investigating the deaths of former ABN Amro Netherlands’s Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter, whose bodies were discovered two days ago in their home after a possible homicide and suicide.

UK wealth management sector shrinking

London At Night

The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.