Co-head of Amundi Alternative Investments is leaving to join a hedge fund

Matt Stefan global co-head of Amundi Alternative Investments is leaving the company to join a start-up hedge fund, according to a source familiar with his plans. 

Investor survey reveals improvement in fee terms

The relationship between hedge funds and their investors continues to show signs of improvement with the latest Preqin investor survey reporting that over 60% of respondents believe fund terms had turned in their favour. 

Goldman Sachs fined £17.5m by FSA

Goldman Sach’s £17.5m ($27m) fine by the FSA is another indication of the UK financial regulator’s willingness to crack down on firms that “bend the rules”, according to regulatory advisory group Kinetic Partners.