Hedge funds, including Marshall Wace, Man Group GLG, and AQR Capital, are ramping up short positions against Sainsbury’s as concerns mount over declining sales at Argos, its non-food retail arm, according to a report by the Telegraph.

Jeffrey Smith, the Chief Executive officer of Starboard Value has secured a seat on the board of Kenvue, as part of a settlement in the four-month proxy battle between the activist hedge fund and the consumer health company, according to

Australia’s AUD237bn Future Fund has appointed activist and event-driven hedge fund Effissimo Capital Management to its roster of active equity managers, joining the likes of Maple-Brown Abbott and Wellington Investment Management, according to a report by Investment Magazine.

Multi-strategy hedge fund major Millennium Management has committed $2bn to support the launch of Lane42 Investment Partners, a new alternative asset management firm founded by former Ares Management Executive Scott Graves.

Rio Tinto’s decision to grant its Australian shareholders the opportunity to vote on a resolution calling for an independent review of its dual-listing structure has been welcomed by London-based activist hedge fund Palliser Capital.

Dubai is stepping up its bid to attract hedge fund startups by launching a dedicated workspace at the Dubai International Finance Centre for smaller firms looking to establish a foothold in the region, according to a report by Bloomberg.

Fast-casual chain Portillo’s is facing a proxy fight as Engaged Capital, an activist hedge fund with an 8.6% stake in the business, pushes for significant operational and strategic changes, according to a report by QSR.