Gottex Fund Management has suspended redemptions on its market-neutral fund of hedge funds and two event-driven offerings due to adverse market conditions which have impacted underlying funds.

William Browder's Hermitage Capital Management plans to liquidate its Hermitage Russia fund in the very near future.

EIM Management USA, the New York branch of $13 billion Geneva fund of hedge funds firm EIM Group, is set to suffer redemptions in the coming months but will soldier on with plans to grow its U.S. investor base.

Kenneth Griffin of Citadel Investment Group told the House Committee on Oversight and Government Reform that a central clearing system for derivatives and standards for describing the instruments are both critical if regulators look to increase hedge fund reporting.

Hedge funds are putting most operational improvements on the backburner, according to Kevin Goldstein, senior v.p. of business development at NorthPoint Solutions, a business and technology consulting firm, whose clients are mostly hedge funds and private equity funds.

Supervision of the global hedge fund industry requires greater cooperation between the various regulators than is currently taking place, according to Chris Rexworthy, an ex-Financial Services Authority official who is now director of risk consulting at IMS Risk Consulting in London.

The primary focus of the U.S. Securities and Exchange Commission's imminent crackdown on hedge funds will concern the information that firms are disclosing to their investors, believes Eric Sussman, head of regulatory enforcement and white-collar litigation practice at law firm Kaye Scholer.

Nervous private and institutional investors are pushing smaller U.K. hedge fund firms to become more transparent, demanding information about firms’ trading, operational procedures and risk management.

Macquarie Investment Management, the London subsidiary of the Sydney-based bank, was preparing to launch a special-situations, event-driven fund...