Caxton extends losses as Iran war slams markets Business London based hedge fund Caxton Associates has extended its losses as the Middle Eastern conflict continues to impact global markets. The fund’s losses rose by more than $1.3bn (£971.1m), with its $9bn macro fund, which is run by chief executive Andrew Law, is down 15 per cent this month to 20 March, according to two [...]
Iran war: Staff at hedge fund Millennium weigh swapping Dubai for Jersey Business Hedge fund Millennium is exploring possible ways to settle staff who do not wish to return to Dubai in Jersey, as firms seek tax-favourable alternatives as the Middle Eastern conflict rages. The multi-manager firm, which had over 100 employees based in Dubai before the war broke out just under a month ago, is prepared to [...]
Crispin Odey threatened to ‘shut down’ fund if board tried to oust him Legal Crispin Odey threatened to “shut down” his eponymous hedge fund if he was dismissed by its board or it proceeded with investigations into his alleged misconduct against his wishes, a court will be told. Disgraced financier Odey faces the City watchdog at the High Court this week as he seeks to overturn a ruling that [...]
Blackrock fund limits withdrawals amid private credit fears March 7, 2026 The world’s largest asset manager BlackRock has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investors worries on the private credit industry grow. Blackrock’s shares tumbled 7.1 per cent on Friday following the announcement, closing at $955.45 (£713.37), amid a broader market sell off after worse than anticipated US [...]
GB News loss widens despite revenue jump March 3, 2026 GB News has posted another loss-making year despite sharp growth in viewing figures, with the Paul Marshall-owned broadcaster now burning through some £120m since its launch in 2021. In new accounts filed for the year ending in May 2025, GB News said its loss amounted to just over £22m. That was smaller than in 2024, [...]
Crispin Odey firm discovered dozens of ‘inappropriate conduct claims’ February 3, 2026 Crispin Odey’s wound down hedge fund unearthed nearly 50 allegations of “inappropriate conduct” made by female staff about the disgraced hedge fund manager during an internal investigation, newly released court filings show. In evidence submitted by the Financial Conduct Authority, the founder of Odey Asset Management is accused of engaging in at least 46 instances [...]
Hedge fund tycoon Alan Howard quits UK for Switzerland December 23, 2025 The co-founder of Brevan Howard Asset Management, Alan Howard, is the latest wealthy individual to exit the UK following tax hikes imposed by the Labour government. The hedge fund tycoon relocated from Britain to Switzerland in early June, according to an analysis of UK registry filings by Bloomberg. Howard had previously moved from London to [...]
Quant firm G-Research owner pays out £106m in wages to 49 staff December 23, 2025 A parent company to secretive quant trading firm G-Research has posted a £106m wage bill to pay its 49 staff over eight months, the firm’s latest accounts show. Braunford LLP, which was incorporated last year for “the provision of staff and agent services” and shares an address with G-Research, has posted its inaugural set of [...]
Bank of England sounds alarm on leveraged hedge fund bond bets December 3, 2025 The Bank of England has sounded the alarm on international hedge funds snapping up record levels of UK government debt, warning that their highly leveraged bets leave Britain increasingly exposed to a bond market meltdown. In its biannual Financial Stability Report, the central bank said the large share of UK government debt held by risk-seeking asset [...]
Fund managers remain bullish amid private credit fears November 24, 2025 Fund managers are bullish heading into the next financial year, despite growing fears over the private credit market and the burst of the AI bubble. According to the latest investor trends survey from wealth manager Quilter, on a scale of one to 10, the average fund manager’s risk appetite increased from 5.4 to 5.9 in [...]