Saba Capital Management has reached agreements with BlackRock Advisors to initiate significant cash tender offers for two of its closed-end funds – the BlackRock Innovation and Growth Term Trust and the BlackRock Health Sciences Term Trust.

Element Capital Management, the macro trading hedge fund led by Jeff Talpins, returned over $6bn to investors in 2024, reducing its assets under management to $3bn, with internal capital now accounting for 90% of that total, according to a report by Bloomberg.

Ray Dalio, the founder of the world’s largest hedge fund firm, Bridgewater Associates, has called for a reduction in the US budget deficit to help stabilise the bond market and lower interest rates, according to a report by CNBC.

Hedge funds have positioned their strategies for Trump 2.0 by ramping up their market positions with the highest levels of borrowing seen since 2010 and bets on the continuing rise of the dollar, according to a report by Reuters.

Activist investor Starboard Value has acquired a 7.7% stake in chipmaker Qorvo, potentially signalling the start of efforts by the hedge fund to push for improvements at the company, which saw a 37% decline in its share price last year, according to a report by Reuters.

Saba Capital Management, the US activist investment firm headed by Boaz Weinsten, has issued a new presentation outlining its plans to deliver “shareholder value” at seven UK investment trusts by improving liquidity and long-term returns.

Former Credit Suisse star trader Hamza Lemssouguer’s hedge fund, Arini, has delivered another impressive double-digit return, propelling the firm’s assets to nearly $7bn after just three years of operation, according to a report by Bloomberg.

US-based Hudson Bay Capital Management, UK’s Sona Asset Management, and New York-headquartered Centiva Capital are establishing a presence in Hong Kong, offering a boost to the city as it seeks to regain its standing as a premier financial centre in Asia, according to a report by Bloomberg.