TOP STORY: London-based investment manager Lansdowne Partners LLP, one of the UK's oldest hedge fund firms, is continuing its push into long-only investing by agreeing to acquire $1.1 billion UK equities manager CRUX asset Management, according to a report by Reuters.

Hedge fund Standard General has terminated its acquisition agreement with US TV station operator Tegna, which manages 64 TV stations in 51 US markets, after failing to overcome a number of regulatory hurdles, according to a report by Reuters.

Daniel Loeb, founder and CEO of event driven hedge fund Third Point, is considering taking SiriusPoint private - less than three years after he agreed to combine his hedge fund's reinsurance business, Third Point Re, with rival Sirius International Insurance Group to form the global specialty insurer, according to a report by Reuters.

OptionMetrics, an options and futures database and analytics provider for institutional investors and academic researchers worldwide, has acquired Woodseer Global, a provider of dividend forecast data for equities, American depositary receipts and ETFs. 

Effissimo Capital Management, a Singapore-based activist hedge fund, could be in line to make a profit of around ¥100 billion ($768 million) from Toshiba Corp’s buyout by a consortium led by domestic private equity firm Japan Industrial Partners, according to a report by Bloomberg.

Buyout firm CVC Capital Partners and activist hedge fund Elliott Management are among the suitors to have tabled bids to acquire parts of struggling cinema chain Cineworld, according to a report by Sky News.

Hedge funds and other holders of $17 billion of Credit Suisse bonds have seen their investments wiped out completely under the terms of the bank's $3 billion acquisition by rival UBS, according to a report by the Financial Times.

Trading Technologies International, a global capital markets technology platform provider, has acquired London-based AxeTrading, a global provider of fixed income trading solutions. Terms of the transaction have not been disclosed.

London-based hedge fund Fasanara Capital has teamed with an investment bank focused on sports-related investments to create a new product that aims to make a profit from the player transfer market, according to a report by Bloomberg.

South Korean activist investor the Korea Corporate Governance Improvement Fund, is to sell its 6.92% stake in Osstem Implant Co to a consortium of private equity firms looking to gain control of the dental implant specialist, according to a report by the Korea Economic Daily.