The Financial Times has appointed Sam Jones as hedge fund correspondent.

In his new role, Jones will be in charge of covering the global hedge fund industry.

"Hedge funds are in a state of crisis: they are hugely secretive and facing extremely tough times as governments move in with new regulation and banks pull back their lending operations," he told Journalism.co.uk.

Previously, Jones worked as a reporter on the Financial Times contributing to Alphaville.

Free daily newsletter

If you like our news and feature articles, you can sign up to receive our free daily (Mon-Fri) email newsletter (mobile friendly).