Man Group chief executive officer Luke Ellis earned $11.3 million in 2022 from his base salary, bonus payment and share grants, the largest pay packet of any Man Group head in the last 14 years, according to a report by Reuters, citing information from the company's annual report.

Several hedge funds including Citadel have been buying up shares in smaller banks, after the failure of Silicon Valley Bank and Signature Bank triggered a banking sector stock sell-off, according to a report by Reuters.

Activist investor Carl Icahn is preparing to launch a proxy fight at Illumina, seeking three board seats, prompted by the biotech company's $8 billion acquisition of cancer screening start-up Grail, which Icahn says is now costing the company $800 million per year, according to reports.

Hedge funds are set to profit from the rout in bank stocks triggered by the sudden demise of Silicon Valley Bank and Signature Bank thanks to bearish positions against the banking sector, according to a report by Reuters.

Hedge fund Luxor Capital has made a last-ditch attempt to prevent the merger of auctioneer Ritchie Bros (RBA) with rival IAA Inc, by urging shareholders to oppose the proposed deal ahead of today's special meeting of RBA shareholders.

Oaktree is one of a number of hedge funds and banks offering to acquire deposits held by startups at the failed Silicon Valley Bank, but only at steep discounts, according to reports. 

Brevan Howard Asset Management is continuing its push into the digital assets space with the acquisition of a long-short hedge fund run by crypto investment firm Dragonfly Capital, according to a report by Bloomberg.

Palliser Capital, a London-based activist hedge fund founded by former Elliot Management exec James Smith, is agitating for a boardroom shake-up at Pendragon, the group behind the Evans Halshaw, Stratstone and CarStore car dealership brands, according to a report by the Daily Telegraph.

A recent Form 13F filing made with the US Securities & Exchange Commission has revealed the Neuberger Berman Group reduced its stake in Blackstone Inc by 12.1% to 4,625,456 shares in the third quarter after selling 634,353 shares during the period, according to a report by MarketBeat.

Activist hedge fund Oasis Capital Management has delivered an ultimatum to London-listed The Restaurant Group (TRG) - the owner of the Wagamama and Frankie & Benny's casual dining chains, demanding either a company overhaul or the removal of CEO Andy Hornby, according to a report by the Financial Times.