Year of man v machine for hedge funds

Trend followers using computer models trounced stock pickers

Editor’s choice

Pedestrians walking with umbrellas pass by taxi in front of BlackRock Inc. offices in New York, U.S., on Friday, April 12, 2013. BlackRock Inc. predicts Canadian 10-year benchmark bond yields may fall to the lowest since at least the 1950s as a sputtering economy douses expectations the Bank of Canada will increase borrowing costs this year. Photographer: Scott Eells/Bloomberg ©Bloomberg
Third quarter proved a challenge for many managers on both sides of the Atlantic
A photo taken on January 21, 2014 shows the ship OW Aalborg in the port of Copenhagen. One of Denmarks largest companies, ship fuel supplier OW Bunker, on November 7 filed for bankruptcy after saying it had discovered a $125 million (100 million euros) fraud at its subsidiary in Singapore. AFP PHOTO /Scanpix Denmark / KASPER PALSNOV / DENMARK OUT (Photo credit should read KASPER PALSNOV/AFP/Getty Images) ©AFP
Nine investors try to ascertain if losses can be recovered

US funds to stand by Russia despite losses

Lazard, GMO and Oppenheimer are among those most exposed

Goldman elevates Murdoch banker to key job

John Waldron promoted to co-head of investment bank

Russia sounds a warning on global debt

Should the dollar continue to rise, currency and funding mismatches could be exposed

China data revision lifts GDP by $308bn

Adjustment pushes country even further ahead of the US

Luxembourg old town, shot from the hill

Luxembourg drops secret tax list fight

EU Commission widens probe and asks all member states to reveal deals

Specialist funds caught in Russia crisis

Investors had pinned hopes on a long natural resources boom

China interest rates rise despite PBoC

Expectations of more easing propel stock market

Consortium plans European stock venue

Plato Partnership aims to raise transparency and lower trading costs

EU toughens up research fee rules

Move to tackle conflicts of interest and a lack of transparency

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