Hedge funds have decreased their net long positions on the Mexican peso by 56,709 contracts following the country’s unexpected election of Morena’s Claudia Sheinbaum, bringing the total down to 27,304 contracts, according to a report by Bloomberg. 

Melbourne-based L1 Capital’s flagship Long Short Fund, which has delivered a 20% annual return since its inception, is banking on a swift recovery for uranium producer NexGen Energy, according to a report by Bloomberg. 

Hedge funds and money managers have significantly increased their bearish bets against US gasoline, reaching the highest level in over five years amid growing concerns about oversupply, according to a report by Bloomberg. 

Billionaire hedge fund managers David Tepper, owner of the Carolina Panthers NFL team and founder of Appaloosa Management, Karthik Sarma of SRS Investment Management and Philippe Laffont of Coatue Management have reduced their positions in Meta Platforms in the first quarter of this year, according to a report by The Motley Fool. 

Paul Singer’s hedge fund Elliott Investment Management has disrupted a $4bn debt restructuring at Veritas Holdings, a software business owned by global private investment firm Carlyle Group, according to a report by the Financial Times. 

Activist hedge fund firm Engine Capital has acquired a stake of just under 5% in C&C Group, the FTSE 250-listed manufacturer of Magners Irish Cider, according to a report by Bloomberg.