GLOBAL - A growing number of hedge funds are launching with lock-ups as investors return to illiquid hunting grounds they left during the crisis.

Hedge fund trade bodies have reacted with some dismay to the Committee of European Securities Regulators' proposal for a pan-European disclosure regime for short selling.

US - The SEC moved again overnight to curb short selling, limiting the practice for all US-listed shares that have fallen by more than 10% in a day, and are still dropping.

UK - Jack Inglis, chief executive officer of institutional asset manager Ferox Capital Management is to leave the convertible bond specialist he joined in 2007.

Hermes is to expand a new performance fee structure - announced for its funds of hedge funds in September - across its range of institutional products.

UK - Hermes is to expand a new performance fee structure - announced for its funds of hedge funds in September - across its range of institutional products.

US - Hedge fund managers have downplayed any negative effects the US government's plans to curb bank activities with hedge funds could have on pension fund investors, saying many of those cut adrift from banks could set themselves up independently.

GLOBAL - The rebound in market liquidity since the credit crunch has spelled good news for some pension funds locked into hedge funds during the crisis, as some prominent funds have returned cash to investors sometimes years earlier than expected.

The rebound in market liquidity since the credit crunch has spelled good news for some pension funds locked into hedge funds during the crisis, as some prominent funds have returned cash to investors sometimes years earlier than expected.

GLOBAL - Hedge funds have posted their best year since 1999, but the average manager is still marginally short of recouping losses suffered during the credit crunch.