Managers
BlackRock is set to merge two of its investment trusts, Throgmorton Trust and BlackRock Smaller Companies Trust (BRSC), to form a combined £780m entity, after receiving support from activist investor Saba Capital Management.
Some of the world’s largest multi-strategy hedge funds including Citadel, DE Shaw, and Point72 are offering summer internships with base salaries and bonuses that can reach six figures, as competition intensifies for top quantitative and machine learning talent, according to a report by Financial News London.
Bridgewater Associates, the world’s largest hedge fund by AUM, made a series of notable portfolio adjustments in the fourth quarter, increasing exposure to technology and healthcare stocks while exiting positions in telecoms and pharmaceuticals, according to a report by Barron’s.
Steve Cohen has claimed the top spot in Bloomberg’s annual ranking of the world’s best-paid hedge fund managers, earning an estimated $3.4bn in 2025 from strong performance at his  firm Point72 Asset Management, according to a report by Bloomberg.
Asfandyar Nadeem is closing his London-based hedge fund firm Deem Global to new capital as assets approach the $3bn mark, joining a growing list of managers limiting inflows to control fund size, according to a report by Bloomberg.
The distressed debt of French chemicals producer Kem One has become a battleground for global credit hedge funds including Arini Capital and Sona Asset Management, amid fears over the long-term viability of Europe’s chemicals sector, according to a report by the Financial Times.
David Tepper’s hedge fund firm Appaloosa Management reshuffled its equity portfolio in the fourth quarter of 2025, lifting exposure to US technology and cyclical names while paring back positions in China and select growth stocks, according to a report by Barron’s.
Activist hedge fund Trian Fund Management has reignited takeover speculation around Wendy’s after founder Nelson Peltz said the burger chain’s shares are undervalued, triggering a sharp rally in the stock, according to a report by Reuters.
Quantitative hedge fund AlphaQuest is shutting its doors after suffering three consecutive years of losses, marking the end of a roughly 25-year run for the $2bn firm led by founder Nigol Koulajian, according to a report by Bloomberg.
Maverick Capital introduced four sizeable new equity positions in the fourth quarter of 2025 that immediately ranked among its top holdings, with early performance delivering a blend of strong gains and notable setbacks, according to a report by Institutional Investor.
