Our favorite stories making the news – 22 Dec

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This year, investors who pride themselves on being able to spot hidden value in unloved companies have struggled, while those that only care about price have excelled  …Year of man v machine for hedge funds

CLO formation hit a record high in 2014 – volume has topped US$115bn  …CLO market sees future in consolidation

The European asset management industry contributes an average of 0.35% per year to European GDP ...The equity held by asset managers amounts to nearly 40% of the free float of European firms

Regulators handed Wall Street banks a temporary reprieve from a rule that forces them to pull out of certain risky investments …Fed Gives Banks More Time to Sell Private-Equity, Hedge-Fund Stakes

The hedge fund industry experienced net outflows of $1.5 billion according to mid fourth quarter data from Hedge Fund Research (HFR) …Hedge funds shrug off volatility with $30bn in gains