European financial watchdog the European Securities and Markets Authority (ESMA) wants London-based hedge funds and asset managers to demonstrate that they have established a suitable physical presence in the European Union, according to a report by Reuters.

Over half of systematic hedge funds surveyed or interviewed for a new report by Acuiti – Bringing the case for buy-and-build to the front office – are utilising a combination of both outsourced strategies and in-house development to build their front office technology stacks.

Teleios Capital Partners, an activist hedge fund based in Zug, Switzerland has upped its stake in Irish housebuilder Glenveagh Properties from 16% at the end of last year, and now has a 18.6% holding in the business, according to a report by the Irish Times.

Oasis Management, an activist hedge fund based in Hong Kong, has acquired a 5% stake in The restaurant Group, the casual dining and pub operator and owner of the UK-based, Japanese food-inspired restaurant chain Wagamama, according to a report by the Financial Times.

Ken Griffin's Citadel is now the best ever performing hedge fund in terms of annual returns having chalked up a $16 billion profit for investors in 2022 on the back of a raft of winning wagers including bonds and equities, according to a report by the Financial Times.

Activist investor Elliott Management Corp has acquired a multi-billion dollar holding in cloud-based software firm Salesforce Inc, but has yet to reveal its strategy for increasing value at the company, according to a report by Reuters.

Steve Cohen's Point72 has been granted regulatory approval in the UK, a decade after his previous firm paid a record $1.8 billion in fines after pleading guilty to insider trading charges, according to a report by the Financial Times.

Activist investor Caius Capital has made an additional $11 million investment in Metro Bank taking its stake to 5% in total and making it one of the troubled challenger bank's ten largest investors, according to a report by CityAM.

Hedge fund managers and asset managers are more divided on their outlook for benchmark Treasuries than they have been since late 2018, when the Federal Reserve's tightening cycle was about to peak, according to a report by Bloomberg.

Trian Fund Management, the activist hedge fund investment firm currently pushing for changes plus a seat on the board at Walt Disney Co, lost 10.6% last year as many hedge funds incurred losses on the back of market volatility, according to a report by Reuters.