Latest News
Hedge fund heavyweight Viking Global Investors has ramped up its use of artificial intelligence across its $53bn platform, with its in-house chatbot “VikingGPT 2.0” now fielding up to three trader and analyst queries per minute, according to a report by Blooberg.
Multi-strategy hedge fund major Citadel has appointed Tom Nutt as a partner and portfolio manager in its European natural gas business, underscoring the hedge fund’s push into energy trading, according to a report by eFinancial Careers.
Activist hedge fund Sachem Head Capital Management has secured a board seat at Six Flags Entertainment, intensifying investor influence over the struggling theme park operator following months of pressure to improve performance, according to a report by Reuters.
TOP STORY: Shares in Man Group surged to a six-month high in trading in London on Friday after the world’s largest listed hedge fund manager reported a 22% rise in assets under management to a record $213.9bn, according to a report by Reuters.
HoldCo Asset Management, the $2.6bn activist hedge fund specialising in financial institutions, has built a 3% stake in Eastern Bankshares and is pressing the 200-year-old Boston lender to pursue a sale rather than continue its acquisition spree, according to a report by Reuters.
Activist hedge fund Elliott Investment Management is positioning itself for another major restructuring play, this time targeting Citgo Petroleum, as the long-running court-ordered auction of the Venezuela-owned refiner nears its conclusion, according to a report by Reuters.
Harvard University’s endowment surged to $56.9bn in fiscal 2025, up nearly $4bn year-on-year, as robust gains from hedge fund and private equity allocations offset political headwinds and federal funding cuts, according to a report by Reuters.
While retail traders double down on their “buy-the-dip” mantra, hedge funds are taking the opposite tack — cutting risk and buying protection as market volatility creeps higher, according to a report by Bloomberg citing data from Citadel Securities.
Hedge funds domiciled in the Cayman Islands may hold $1.4tn more in US Treasuries than official data indicates, with the discrepancy underscoring how basis trades and repo financing mask the scale of hedge fund exposure, according to a report by Bloomberg citing researchers at the Federal Reserve.
Traders at leading hedge funds are now pocketing almost a quarter of the profits they generate for investors, according to report by the FT citing a Goldman Sachs report, as multi-manager firms like Citadel and Millennium extend their dominance in the sector.
