LONDON (Reuters) – A booming population, fuelled by immigration, will help Britain’s economy to grow more strongly than Germany’s later this decade and could drive its stock market much higher, according to one of the UK’s biggest equity hedge funds.

Toscafund, with $1.3 billion of funds open to investment, made its bullish predictions amid signs the UK economy is starting to recover from five years of torpor brought on by the financial crisis, while the euro zone is mired in recession.

LONDON (Reuters) – Hedge fund firm Man Group cheered investors with plans to use surplus cash to buy back all its debt securities, overshadowing a surge in client outflows to the highest level since the onset of the credit crisis.

Man, which recently unlocked $550 million (354 million pounds) in capital when its regulatory status was changed, will use up to $470 million of cash to buy back the debt, saving up to $78 million a year in interest and coupons from next year, it said on Friday.

LONDON, May 3 (Reuters) – Hedge fund firm Man Group
cheered investors with plans to use surplus cash to buy back all
its debt securities, overshadowing a surge in client outflows to
the highest level since the onset of the credit crisis.

Man, which recently unlocked $550 million in capital when
its regulatory status was changed, will use up to $470 million
of cash to buy back the debt, saving up to $78 million a year in
interest and coupons from next year, it said on Friday.

LONDON (Reuters) – Man Group (EMG.L: Quote, Profile, Research, Stock Buzz) is set to post an increase in client outflows on Friday, showing that new chief executive Many Roman still has much work to do to turn around the hedge fund manager’s fortunes.

The former FTSE-100 firm, whose shares are down by almost two-thirds since the start of 2011, could post its highest level of net outflows since the credit crisis and above levels seen under ex-CEO Peter Clarke when it updates investors on first-quarter trading.

LONDON, April 29 (Reuters) – Hedge funds are restoring bets
that French bond prices will fall, speculating the country’s
gamble on increasing public spending to boost economic growth
will fail.

Funds have already been burnt on the trade. Last year, the
European Central Bank’s promise to buy government bonds to
restore confidence in the euro zone sent yields on French
10-year bonds tumbling by more than a third.

LONDON (Reuters) – A lavish gala dinner that was a highlight of the London hedge fund industry’s social calendar and counted royalty among its guests has been quietly shelved.

The ARK Gala Dinner, which started in 2002, cost as much as 10,000 pounds ($15,500) a ticket, with entertainment over the years ranging from singers Elton John and Prince to a giant mechanical elephant.

LONDON (Reuters) – Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year’s Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds after a tough year for the Indian steel magnate.

In a list of wealth in Britain whose top spots are dominated by Russian and Indian billionaires, Mittal drops to fourth after eight years at number one as his fortune tumbled 2.7 billion pounds to 10 billion.

LONDON (Reuters) – Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year’s Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds ($20.3 billion) after a tough year for the Indian steel magnate.

In a list of wealth in Britain whose top spots are dominated by Russian and Indian billionaires, Mittal drops to fourth after eight years at number one as his fortune tumbled 2.7 billion pounds to 10 billion.

LONDON, April 19 (Reuters) – A hedge fund set up by alumni
from some of the world’s biggest computer-driven traders of
futures markets has almost doubled assets in recent months, as
investors in the sector look to smaller firms to help them ride
out tough market conditions.

Solaise Capital, set up in late 2010 by former employees of
Winton, Man Group’s flagship AHL fund and Aspect
Capital, told Reuters that inflows from a pension fund client in
December and further inflows this year have lifted its assets to
around $165 million.

LONDON (Reuters) – Star trader Alan Howard has cemented his place as the wealthiest hedge fund manager in this year’s Sunday Times Rich List with a jump in his net worth, after further profits from his main hedge fund.

The Switzerland-based Howard, co-founder of Brevan Howard and one of the industry’s most media-shy managers, grew his total wealth by 100 million pounds to 1.5 billion pounds ($2.29 billion), according to the Sunday Times Hedge Fund Rich List.