Money managers under the microscope
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
SAC invests in star trader’s fund – FT Alphavile
3A launches Ucits III fund of hedge funds – Opalesque
SilkInvest launches fixed income frontier fund - HedgeCo.Net
Bearish funds set for redemptions, Cramer predicts – NYT DealBook
BBVA and Newedge form Altura joint venture – Hedgefund Journal
Spanish bank BBVA’s move to close down its alternative investment arms including hedge funds shows just how much things have changed in the industry, even within the past year.