European stocks finished Friday in the red as investors digested the latest earnings and China data, ahead of a key oil summit this weekend.
Regional carrier Republic Airways filed for Chapter 11 bankruptcy protection on Thursday, after several quarters of falling revenue.
European equities closed sharply lower on Monday as oil and commodities continued to slide, while investors looked ahead to a U.S. Federal Reserve meeting this week.
Many are now asking whether Chinese officials are willing to tolerate volatility in China's turbulent stock markets, the NYT reports.
The China head of Man Group said on Monday she had not been taken into custody, denying reports that she was being investigated.
China is cracking down on investors and journalists for any actions that may have sent its stocks lower.
European stock markets ended sharply lower on Tuesday after new data from China exacerbated concerns about the outlook for the world's second biggest economy.
Shares of Man Group fell on a report that the head of its China unit had been taken into custody in a probe into recent market volatility.
European equities closed sharply higher on Thursday, with the hope that Greece would submit concrete proposals to creditors later that day.
European markets ended mixed on Friday, with investors reacting to fresh economic data amid continued uncertainty over Greece.
Computer algorithm-led hedge funds produced stellar returns last year, beating most gut-driven human money managers.
Man Group took in $1.2 billion in new money in the past quarter in part because of this strategy.
Hedge funds designed to profit from choppy and down markets have mostly underwhelmed in October.
European shares closed lower on Thursday after trimming losses, tracking U.S. markets which partially recovered after visiting correction territory.
British hedge fund firm Man Group has bought U.S. peer Numeric Holdings for an initial $219 million to increase its presence in the United States.
One of the largest British hedge funds is coming to the U.S. in hopes of managing more American dollars.
A portfolio manager at Man Group has decamped to Neuberger Berman to help expand the asset manager's growing lineup of alternative mutual funds.
European shares accelerated losses to close lower on Wednesday, as investors reacted to a string of economic data released for key European countries.
European stocks close off their lows Monday, amid hopes for further central bank stimulus and as investors largely shrugged off a tepid euro zone economic report.
European shares closed narrowly mixed after the European Central Bank and the Bank of England left interest rates unchanged Thursday, while a better-than-expected trade report from China provided support for investor sentiment.