UK - Hard bargaining and encouraging competition helped institutional investors hiring managers save over a quarter on the fee levels they were initially quoted last year, research shows.
GLOBAL - Hedge funds have gates on less than 5% of industry assets, down from 35% at the peak of the financial crisis, fund brokers Tullett Prebon said.
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 - Yves Mersch, governor of the Banque centrale du Luxembourg and member of the European Central Bank council has warned Europe's banks they would not be rescued a second time.
DB Advisors could win up to $12bn (£7.4bn) in money market fund assets from rival Standard Life Investments after SLI's withdrawal from the sector over regulatory concerns.
SWITZERLAND - Investec Asset Management has hired Reinhard Müller from Pioneer as a sales director to boost its institutional distribution in Switzerland.
GLOBAL - The hedge fund industry is expected to soar to $2.5trn by year-end on the back of strong returns and inflows, according to research published today by Deutsche Bank.
ASIA - Allianz Global Investors has signaled further expansion into Asia's pension market as a key medium-term objective.
UK - Hedge fund investors must stop "undermining" one another by accepting inadequate terms, the Universities Superannuation Scheme believes.
Hedge fund investors must stop "undermining" one another by accepting inadequate terms, says allocator the Universities Superannuation Scheme.