Fir Tree Partners, a New York-based activist hedge fund firm with an almost 30-year track record of campaigns targeting distressed companies, is returning external capital to investors, according to a report by Bloomberg.

Alp Ercil, a prominent figure in Asia’s distressed asset investment space, is closing his $3bn flagship hedge fund and converting his firm, Asia Research & Capital Management, into a family office, according to a report by Bloomberg.

Third Point, the investment manager of Third Point Investors Limited, has published its Q4 2024 investor letter, highlighting robust returns across its strategies, including a 9.1% gain for its flagship Offshore Fund, and key portfolio updates.

Jun Bei Liu, founder of Ten Cap, has set an ambitious goal to double the size of her hedge fund to AUD3bn following the fund’s separation from Tribeca Investment Partners in October 2024, according to a report by the Financial

Hedge fund investors are increasingly shifting away from traditional strategies that rely on broader market movements for returns towards alternative trades amid expectations of volatile markets in 2025, according to a report by Reuters citing a new Barclays survey released

Quest Partners, a $2.2bn alternative asset manager, has rebranded as AlphaQuest as the company expands beyond its managed futures focus to incorporate equities, global macro, and other asset classes with an emphasis on tail risk arbitrage and portfolio protection strategies.

Promeritum Investment Management, a hedge fund that has reaped over 30% returns from distressed emerging market (EM) dollar bonds, is shifting focus, with Co-Founder Paval Mamai believing that the trade has run its course after a two-year streak of gains,

Activist hedge fund Starboard Value has taken a stake in Becton Dickinson and is pushing the $72bn medical technology company to sell or spin off its life sciences division, according to a report by Reuters citing unnamed sources familiar with

Bill Ackman, the founder of hedge fund Pershing Square Capital Management, is to relocate his management company from Delaware to Nevada following the footsteps of other prominent companies including Dropbox and SpaceX, according to a report by Business Insider.