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LONDON (Reuters) - Thames River fund manager Ken Kinsey-Quick has moved long some battered subprime assets after shorting the sector last year, because he thinks they are cheap, and also hopes to make money out of a fall in commodity prices.

LONDON (Reuters) - Bets on a U.S. housing crisis earned hedge fund manager John Paulson $3.7 billion (1.9 billion pounds) in 2007, ahead of industry legend George Soros and 2006s highest-paid manager James Simons, according to Alpha Magazine.

LONDON (Reuters) - Pension funds that use derivatives are faring better during the credit crisis because they mitigate and hedge risks, and interest in using options is set to increase, State Streets fund arm said on Wednesday.

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