Funds
Ken Griffin’s Citadel is set to return approximately $5bn of profits to hedge fund investors, reducing assets under management to around $67bn, according to a report by CNBC citing an unnamed person familiar with the matter.
Citadel’s flagship fund looks set to record its lowest annual return in seven years this year amid a fall in gains from its gas trading bets, formerly a major source of profits for the multi-strategy major, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm, has launched two additional ETFs, Man Active Emerging Markets Alternatives ETF and Man Active Trend Enhanced ETF bringing the firm’s ETF offering in the US wealth market to four funds.
Macro hedge funds are on track for their strongest annual performance since the global financial crisis, as sharp swings across currencies, commodities and government bond markets created unusually fertile trading conditions in 2025, according to a report by the Financial Times.
Point72 Asset Management is providing its largest-ever initial backing to a departing trader, veteran portfolio manager Alex Silverstein, as he spins out his health-care trading team to launch a new hedge fund, Sirenia Capital Management, according to a report by Bloomberg.
US activist investor Corvex Management has taken a 6% stake in Whitbread and is urging the Premier Inn owner to conduct a strategic review, citing what it described as a disconnect between the group’s share price and the underlying value of its assets, according to a report by the Financial Times.
Whitehaven Asset Management is set to return capital to investors and transition into a family office, according to a report by Bloomberg citing Managing Partner Scott Richman. The Greenwich, Connecticut-based firm, which focuses on municipal and corporate bonds, plans to wind down external capital during 2026, with the family office structure expected to be in place in 2027.
The global non-bank financial sector, commonly known as “shadow banking,” has expanded at double the pace of traditional lenders, according to a report by Bloomberg citing research by the Financial Stability Board.
New York hedge fund manager Soo Kim has been approached by at least one major Warner Bros Discovery shareholder about acquiring all or part of the group’s cable television assets, including CNN, according to a report by the Financial Times citing people familiar with the matter.
Volatile currency moves in 2025 have pushed emerging market foreign exchange into the spotlight, with trading volumes surging and hedge funds and banks reporting strong gains from the swings, according to a report by Reuters. Activity in the Hungarian forint has more than doubled since January, traders said, as investors reposition amid heightened global uncertainty and a weakening US dollar.
