Bacon’s hedge fund firm, Moore Capital Management, will be returning all client money in its three main funds, further signaling tough times in the hedge fund business.

For only the third time in history, the prices private equity pays to buy companies are higher than stock market values. Recent fundamental changes in both the public and private markets, mean that this time around private equity's premium is likely to prove sustainable.

Asset manager charged fees for active management customers did not receive, says FCA