Hedge funds and other speculative investors are increasing exposure to the European carbon market as expectations grow of a tightening supply of emissions permits, pushing prices to multi-year highs, according to a report by the Financial Times citing data from

Shares in Carvana Co fell sharply after short seller Gotham City Research published a report alleging the online used-car retailer overstated earnings through undisclosed benefits linked to businesses controlled by the family of chief executive Ernie Garcia III, according to

BlueCrest Capital Management, the family office-turned-hedge fund founded by billionaire financier Michael Platt, is set to face HM Revenue & Customs at the UK Supreme Court this week in a high-profile tax dispute that could have wide-ranging implications for the

John Aylward’s credit-focused hedge fund Sona Asset Management is planning to expand its London footprint, as strong asset growth and industry-wide hiring continue to drive demand for prime office space among alternative investment firms, according to a report by Bloomberg.

Cubic Corp, the transport technology and defence services group backed by Elliott Investment Management and Veritas Capital, has informed lenders that it intends to defer an upcoming interest payment as it seeks to manage near-term liquidity, according to a report

Daniel Loeb’s hedge fund Third Point is preparing to launch a new activist campaign against real estate data provider CoStar Group, marking the firm’s first major public activism push in nearly three years, according to a report by Reuters.

Verition Fund Management has shut down a trading team led by former Goldman Sachs executives Sina Lashgari and Jon Paul, following a period of underperformance, according to a report by Bloomberg citing unnamed people familiar with the matter.