US - George Soros is set to retire from managing money for outside investors after more than 40 years running hedge funds, citing Washington's increased oversight of the once unregulated industry as a primary reason behind his returning external money...

Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m (£221m) in cash.

GLOBAL - Man Group is to acquire the remaining exposure to the estates of bankrupt US investment giant Lehman Brothers from funds managed by its institutional asset management subsidiary, GLG Partners, for $355m in cash.

Hedge funds have gates on about $60bn of investors' money, say fund brokers Tullett Prebon.

EUROPE - Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.

EUROPE - DB Advisors could win up to $12bn ($17bn) in money market fund assets from rival Standard Life Investments after SLI's partial withdrawal from the sector over regulatory concerns.