July 30, 2010
AIMA Issues Revised Hedge Fund Guidelines,
Although hedge fund associations are rejecting calls for an industry code of practice, the Alternative Investment Management Association (AIMA) this week published its revised Guide to Sound Practices for European Hedge Fund Managers.
UK-listed hedge fund manager Absolute Capital Management is to boost performance-related pay in an effort to recruit and retain staff as the battle for talent between traditional and alternative asset managers intensifies in the UK.
Schroders pays $101m for London-based hedge fund
Schroders, the UK asset manager, pushed on with its expansion into the lucrative hedge fund market yesterday, snapping up the London-based NewFinance Capitalfor $101m (£57.9m), bringing another $2.5bn of assets on to its books.
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