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Hedge funds see investment exodus amid faltering performance

Hedge Fund

If money talks, then one of the things it has been saying this summer is that investors are no longer interested in hedge funds. Investors withdrew $25.2bn from hedge funds in July, according to eVestments. This is the largest monthly redemption since February 2009, when investors redeemed $28.2bn.

C Suisse unit plans seen as too ambitious

Credit Suisse Tower

Credit Suisse’s profitability targets for the Swiss unit, earmarked for a partial initial public offering in 2017, may be too ambitious, according to the heads of some of Switzerland’s largest consumer banks.

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Goldman said to oursource dark pool operation

Goldman Sachs hired exchange owner Nasdaq to run its Sigma X stock-trading system, according to two people familiar with the matter, outsourcing day-to-day operations of its dark pool following an industrywide regulatory crackdown and amid escalating costs.