Page 1871 


Hedge Fund Doubles Cost Cuts

Pair Of Scissors

Man Group surged as much as 12% in early London trading Tuesday, after the world’s biggest publicly traded hedge fund manager said it would double its planned cost cuts and reduce reliance on products with steeper commissions.

Barclays Seeks Far-Reaching Review Of Business Practices

Barclays Crest Sign

On 2 July, Barclays announced that it would establish an independent review of its business practices, reporting to Deputy Chairman, Sir Michael Rake, and a sub-committee of the Barclays Board. Barclays today announces that Anthony Salz has agreed to lead that review.