LONDON, March 14 (Reuters) – U.S. financial software
provider SS&C Technologies agreed to buy hedge fund
administrator GlobeOp, trumping an offer from buyout group TPG
and raising expectations of a bidding war.

The 485-pence-a-share cash deal, well above TPG’s 435p cash
offer agreed last month, values GlobeOp at 572 million pounds
($900 million) and has been recommended by GlobeOp’s independent
directors.

LONDON, March 11 (Reuters) – Investors ploughed more
money into hedge funds over the past month, data from hedge fund
administrator GlobeOp shows, as hopes of a resolution to the
euro zone debt crisis and a rebound in markets boosted
confidence after last year’s losses.

Net inflows into hedge funds, as measured by the GlobeOp
Capital Movement Index, which tracks monthly net
subscriptions to and redemptions from hedge funds managing
around $174 billion, were 2.1 percent of total assets over the
month to March 1.

LONDON, March 8 (Reuters) – U.S. financial software
provider SS&C Technologies has proposed making a 485
pence-a-share cash offer for hedge fund administrator GlobeOp
, in a move that would trump an agreed bid from rival
suitor TPG.

SS&C’s proposal, which GlobeOp’s independent directors have
said they would be willing to recommend, is well above the 435
pence cash offer made by U.S. buyout firm TPG and agreed last
month, and values the company at about 566 million pounds ($889
million).

LONDON (Reuters) – Hedge funds stalking distressed assets in Europe may be left with slim pickings after a trillion-euro cash injection from the European Central Bank eased the pressure on banks to dump some of their weaker holdings.

Many fund managers, who have been scenting prey since the credit crisis began, had been hoping European banks would sell off assets such as corporate loans and project finance debt to comply with Basel III global capital adequacy rules, the thrust of which comes into force next year.

LONDON, March 7 (Reuters) – Hedge funds stalking
distressed assets in Europe may be left with slim pickings after
a trillion-euro cash injection from the European Central Bank
(ECB) eased the pressure on banks to dump some of their weaker
holdings.

Many fund managers, who have been scenting prey since the
credit crisis began, had been hoping European banks would sell
off assets such as corporate loans and project finance debt to
comply with Basel III global capital adequacy rules, the thrust
of which comes into force next year.

LONDON (Reuters) – Man Group, the world’s biggest listed hedge fund firm, cheered investors with news of lower fund outflows in a more buoyant 2012 for financial markets and said clients could begin to return after recent heavy withdrawals.

The firm (EMG.L: Quote, Profile, Research, Stock Buzz), whose shares have halved over the past year on concerns over outflows and the performance of its funds, said assets under management rose to an estimated $59.5 billion (37.3 billion pounds) from $58.4 billion at end-December, as rising markets helped boost its fund performance.

LONDON, Mar 1 (Reuters) – Man Group said
client outflows slowed and assets rose this year, raising hopes
the the world’s biggest listed hedge fund manager can finally
begin to win back clients after seeing heavy withdrawals in the
second half of last year.

The firm, whose shares have more than halved over the past
year on investor concerns about outflows and the performance of
its funds, said assets under management rose to an estimated
$59.5 billion from $58.4 billion at end-December.

LONDON, Mar 1 (Reuters) – Investors will hope that Man
Group can finally show signs it is winning back clients
and will hold its dividend when the world’s biggest listed hedge
fund manager posts its results on Thursday.

The firm, whose shares have more than halved over the past
year on investor concerns about outflows and the performance of
its funds, is likely to give an indication of sales so far this
year, during which most financial markets have rebounded.

LONDON, Feb 28 (Reuters) – Bold merger arbitrage funds
are set to enjoy rich pickings this year amidst a rebound in M&A
activity, helped by the reluctance of many investors to trade
complex deals after last year’s choppy markets, says hedge fund
firm Cheyne Capital.

Simon Davies, whose European Event Driven fund, has raised
$500 million since launch in October 2009, told Reuters that
last year’s volatility had made many investors “quite risk
averse”, meaning there is room for arbs to profit from more
complex deals.

LONDON, Feb 27 (Reuters) – Hedge funds have been
snapping up European sub-investment grade bonds this year,
industry insiders said, betting the European Central Bank’s cash
boost to bolster the region’s banks will improve the finances of
firms on poor credit ratings.

Like many assets, junk bonds have been rallying since the
ECB’s long-term refinancing operations (LTRO) in December, which
flooded markets with 489 billion euros ($658 billion) of cheap
cash to try and head off a second credit crunch.