May losses cloud hedge fund summit in sunny Monaco

Reuters – The European hedge fund industry’s top brass meet in glitzy Monaco this week for their annual summit, after a turbulent May that has taken some of the shine off an industry recovering from its worst ever crisis.

Executives such as Man Group CEO Peter Clarke, whose firm last month unveiled a $1.6 billion (1.1 billion pound) takeover of GLG Partners, and Leda Braga, head of Bluecrest’s ‘black box’ funds, will debate how the industry continues to win back clients in the face of choppy markets and looming regulation.

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