Activist hedge fund firm Saba Capital has effectively won its long-running campaign to take control of the board of Edinburgh Worldwide Investment Trust, following a dramatic shift in shareholder voting dynamics ahead of the company’s AGM.

Avis Budget Group has publicly criticised one of its largest shareholders, hedge fund Pentwater Capital Management, over its role in the sharp rise and subsequent collapse of the company’s share price, according to a report by Bloomberg.

Millennium Management was among the prominent hedge fund participants in Contemporary Amperex Technology Co Ltd’s (CATL) $5bn share placement, underlining strong alternative investor appetite for one of Asia’s largest equity capital markets deals this year, according to a report by

Multi-strategy hedge fund major Citadel has received regulatory approval to begin operating in Dubai, marking a significant step in its expansion into one of the fastest-growing global centres for hedge fund activity, according to a report by Bloomberg.

Citadel founder and CEO Ken Griffin is set to meet New York State Governor Kathy Hochul on Thursday, as tensions continue to build over proposed tax changes targeting high-value second homes in New York City, according to a report by

Activist hedge fund Starboard Value has taken a sizeable stake in software observability group Dynatrace and is pressing management to unlock greater shareholder value through higher margins and more aggressive capital returns, according to a report by Reuters.

Bill Ackman’s Pershing Square has raised $5bn through its combined initial public offering, advancing a long-term plan to reshape the hedge fund manager into a permanent capital investment platform inspired by Berkshire Hathaway, according to a report by Bloomberg.

Spirit Airlines’ efforts to secure a $500m US rescue financing package have hit a roadblock, with key creditors – including hedge fund giant Citadel – resisting proposed terms, according to a report by Bloomberg News.