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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.
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.
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.