Goldman Sachs' latest prime services weekly report shows that the gross exposure of hedge funds – the combined sum of their long and short positions – hit its highest level in a year last week, indicating that they are increasingly using leverage in their stock market wagers, according to a report by Reuters.

A global slowdown in mergers and acquisitions has prompted activist hedge funds to adopt a new tactic as they look to profit from their investments – agitating for changes in company leadership, according to a report by Reuters.

Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.

Brevan Howard has appointed Owen Coughlan, the former head of euro swaps trading at NatWest Markets, as a portfolio manager based in London, according to a report by eFinancial Careers. 

A London-based macro sales team at Goldman Sachs led by Nohshad Shah, Goldman's co-head of EMEA interest rates sales, and managing director Ishaan Sethi, has jumped ship to join a hedge fund just weeks after bonuses were paid, according to a report by eFinancial Careers.

Dan Loeb, the founder of activist hedge fund Third Point Management, has acquired a passive stake in multinational semiconductor manufacturer AMD, according to a report by CNBC.

Bridgewater Associates is planning to cap the size of its flagship hedge funds, invest more in artificial intelligence and machine learning, and cut up to 100 jobs, as part of a restructuring plan aimed at boosting returns, increasing profitability and developing new sources of revenue, according to a report by Bloomberg.

Listed hedge fund Man Group saw the price of its shares surge by up to 10% in early trading on Tuesday as news that earning from performance fees last year hit their highest level since before the global financial crisis of 2008, according to a report by Reuters.

Man Group managed to pull in $3.1 billion in net inflows last year, "despite clear headwinds elsewhere in the asset management industry", with assets under management rising to $143.3 billion at 31 December, 2022, up from $138.4 billion as at the end of September.

GoldenTree Asset Management has become the latest hedge fund to announce plans to extend operations to Dubai, with news that the New York-based credit trading specialist is to open a new 'representative office' in the Dubai International Financial Centre.