ActusRay Partners, a Hong Kong-based hedge fund firm backed by the city’s investment major Sun Hung Kai & Co, has more than doubled its assets to over $700m since the start of 2023, despite a challenging environment that has seen many of its peers struggle, according to a report by Reuters.

Hedge funds upped their purchases of technology stocks at the fastest pace seen in more than a year last week, driven by an increase in both long positions and short covering, according to a report by Bloomberg.

Weiss Multi-Strategy Advisers, the New York-based hedge fund firm founded by George Weiss in 1978, has filed for bankruptcy about two months after telling clients it was winding down operations, according to a report by Bloomberg.

A relatively quiet week in the Middle East and weak US economic data combined to restrain oil prices last week, prompting hedge funds to reduce their bets on both Brent and West Texas Intermediate crude, according to a report by Bloomberg.

Nir Bar Dea, CEO of Bridgewater Associates, and Hugh Evans, his counterpart at poverty relief-focused non-profit Global Citizen, will host an Africa Economic Summit to support fundraising efforts by the World Bank, according to a report by Fortune.

Elliott Investment Management, the activist hedge fund firm founded by Paul Singer, has built a “large” stake in Sumitomo, one of Warren Buffett’s favourite Japanese trading houses, according to a report by Bloomberg.

Activist hedge fund firm Sachem Head Capital Management’s Managing Partner Scott Ferguson will be given a seat on Delivery Hero’s supervisory board, after building a 3.6% stake in the Germany-based food delivery company, according to a report by Bloomberg.

Short bets against the Japanese yen held by hedge funds have reached the second highest level ever seen, even as the currency has fallen to 34-year lows against the US dollar, according to a report by Reuters.