Japan’s fragmented car manufacturing sector is likely headed for a wave of mergers and acquisitions, as rising geopolitical and competitive pressures force automakers to seek scale and efficiency, according to a report by Bloomberg citing a Man Group executive.

Activist hedge fund Irenic Capital Management has quietly built a stake in Couchbase Inc, a US-listed enterprise software firm specialising in database technology, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Match Group has headed off a potential proxy battle after activist investor Anson Funds Management LP agreed to withdraw its director nominations, following recent changes to the dating app company’s board composition, according to a report by Bloomberg.

Hedge funds made a decisive return to financial stocks last week, snapping an eight-week selling streak to become net buyers of bank shares, according to a report by Reuters citing a recent research note from Goldman Sachs.

Activist hedge fund H Partners Management has escalated its campaign against Harley-Davidson, filing a definitive proxy statement and urging shareholders to vote “withhold” on three long-serving board members at the company’s upcoming annual meeting on 14 May.

Activist hedge fund HG Vora is pressing ahead with its proxy fight against US casino operator Penn Entertainment, aiming to secure shareholder support to elect all three of its proposed board nominees despite Penn’s move to seat only two.

Casino operator Penn Entertainment has agreed to nominate two board candidates backed by activist hedge fund HG Vora, moving to stave off a potentially costly proxy battle, according to a report by Casino.org.

Bill Ackman the founder and Chef Executive Officer of hedge fund Pershing Square, believes China cannot afford a drawn-out tariff war with the US and is facing mounting pressure to strike a deal, according to a report by Bloomberg.