Two former executives at Bridgewater Associates who were ousted from the hedge fund giant as part of a restructuring in 2023, took legal action to secure a “large payout” after accusing the firm of favouritism, and age and sex discrimination,

Hedge funds upped bearish bets on the yen last week to the highest level seen since April 2022 on the back of growing speculation that the currency’s recent rebound will be short-lived, according to a report by Bloomberg.

Hedge funds are playing an important role in boosting liquidity by helping to fill a void in European government bond markets created by a reduction in central bank activity in the space, according to a report by Reuters.

Several Asia-based hedge funds, are following in the fee-steps of global multi-strategy majors like Citadel and Millennium Management, by imposing additional charges on new clients to cover the escalating costs of attracting and retaining top talent, according to a report