Dubai is seeing a boom in hedge funds setting up shop in the city, according to a report by Arabian Business. The report cites data from Dubai International Financial Center as confirming that the numbers of funds setting up shop is unprecedented. 

George Soros, the billionaire to rose to wealth after betting against the Bank of England, is set to retire from his hedge fund career, according to a report by the JC. 

Echo Street Capital , is set to return outside capital to fund investors due to anxieties about leadership transition, according to a report by Bloomberg. 

Hedge funds have been encouraged by Goldman Sachs Group to bet on Germany being able to pull off an increasingly difficult €22bn takeover of the country’s biggest power grid, according to a report by Bloomberg.

Investor unrest is building at Entain, the owner of Ladbrokes, after two more US-based activist hedge funds voiced concerns over the gambling group’s share price and CEO Jette Nygaard-Andersen’s ability to revive the fortunes of FTSE 100 company, according to a report by the Financial Times.

While hedge funds have upped their bets on the “Magnificent Seven” tech stocks that have fuelled portfolio gains so far this year, another tech major, Tesla Inc, remains their most popular short position, according to a report by CityWire.

London-based, event-driven hedge fund firm Samson Rock Capital is winding down a part of its $800m-plus portfolio run by co-founder Satpreet Brar, who is leaving the business, according to a report by Bloomberg.

Global hedge funds exited both long and short bets on technology stocks at the fastest weekly pace seen in seven months last week, according to a report by Reuters citing data from Goldman Sachs’ prime brokerage division.