TOP STORY: New hedge fund launches were on the rise in Q4 2022 as the industry headed into 2023, with 96 funds making their debut, rising from 71, the lowest level since Q4 2008, in the prior quarter, according to the latest HFR Market Microstructure Report.

Brevan Howard, the Jersey-headquartered global macro hedge fund firm, has continued its recent hiring spree with the appointment of Subhek Garg, a former managing director at Goldman Sachs, as its new chief technology officer based in the firm's New York office.

After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator published by Backstop-BarclayHedge. 

Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.

Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy. 

LTX, a subsidiary of Broadridge Financial Solutions Inc, has completed a successful migration of its AI-powered corporate bond e-trading platform for buy-side investors and dealers to Amazon Web Services. 

Envestnet Inc has added three new directors to its board following pressure from activist investment firm Impactive Capital, which has been pushing for the fintech to prove its performance by cutting costs, according to a report by Reuters.

Citadel, the hedge fund firm founded by Ken Griffin, is to make a 'comeback' in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according to a report by the Financial Times.

WorldQuant, the Connecticut-headquartered hedge fund firm founded in 2007 by ex-video game programmer-turned portfolio manager Igor Tulchinsky, has appointed James Henderson as deputy general manager based in London, according to a report by Reuters.

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.