UBS is moving forward with the previously announced sale of its hedge fund unit, O’Connor, to US brokerage firm Cantor Fitzgerald, the bank’s CFO Todd Tuckner confirmed on Wednesday, according to a report by Reuters.

Hedge fund Carronade Capital Management has launched a proxy fight against billionaire investor Bill Foley, accusing him of “egregious corporate governance” at his listed holding company, Cannae Holdings, according to a report by the Financial Times.

Hedge funds, including CQS, have opened a new legal front in the ongoing battles over distressed credit restructurings, invoking US antitrust statutes to challenge what they call collusive tactics among rival creditors, according to a report by the Financial Times.

Fort Lauderdale-based hedge fund HoldCo Asset Management is threatening a proxy battle at Columbia Bank unless management agrees to shareholder-friendly actions, marking the latest escalation in the fund’s campaign against underperforming US regional banks.

Hedge funds are fuelling a booming market in Europe for trading debt that has yet to be issued, as distressed restructurings create new speculative opportunities in private credit, according to a report by the Financial Times.

Accounts for Mike Platt’s hedge fund-turned-family office BlueCrest Capital Management LLP reveal a significant rise in partner remuneration following a year of strong performance, according to a report by eFinancial Careers.

Activist hedge fund Donerail Group is pushing US boat retailer and marina operator MarineMax to consider strategic alternatives – including a potential sale or a change in leadership – amid mounting frustration over performance and governance, according to a report

The Bank of England will accelerate the release of minutes from its new quarterly meetings with major banks and hedge funds, following concerns that participants could gain privileged insight into monetary policy thinking, according to a report by Bloomberg.