BlueCrest Capital Management, a leading British hedge-fund group, is establishing a Geneva office.

ECONOMIST: London risks losing its global appeal

By November 2007, when the narrative ends, it was already clear to Mr Morris that this crisis was much more serious than the last big crunch, the 1998 Russian debt default and the bail-out of Long-Term Capital Management, an American hedge fund, by a group of banks under the Fed's direction.

ECONOMIST: The credit crunch

In recent news, Wells Fargo Asset Management announced obtaining a minority stake in privately held hedge fund firm, The Rock Creek Group, based in Washington, D.

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