funds

By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investors’ general nervousness about the structure and how to invest the cash. Ackman told investors this week there will…

By Summer Zhen HONG KONG (Reuters) – Chinese computer-driven “quant” hedge funds suffered heavy losses in the first half of the year, underperforming traditional stocks strategies at home and other popular global fund strategies, data shows. That dismal performance is leading to a reshuffle in the $200 billion industry, prompting…