Money managers under the microscope
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Investors are getting back into hedge funds – Morningstar
Schroders today reported exceptional losses of 167 million pounds — this was largely due to 147 million of writedowns on its own investments in hedge funds, private equity, fixed income and seed capital.
Analysts at UBS noted that these four areas had total investments of 585 million pounds at September 30, meaning the group had taken a 25 percent writedown.