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Point72 Asset Management has added North Rock partner and money manager Clarence Tee as the firm continues to build out its portfolio manager ranks, according to a report by Financial News London. Its LinkedIn postings show active searches for portfolio managers in London, Singapore and New York.
Parvus has doubled its stake in Flutter this year, according to recent regulatory filings. The London-based activist fund, led by founder Edoardo Mercadante, disclosed a holding of more than 5% on 18 November.
The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched their Intraday continuous offering in Estonia, Latvia and Lithuania. The first trading day was 25 November 2025.
Coatue Management has co-led a $2.3bn Series D financing round in coding-automation company Anysphere, backing its AI programming platform Cursor and pushing the firm’s valuation to roughly $29.3bn, according to a report by Institutional Investor.
Hedge funds ramped up bearish positions on UK domestically focused equities in the run-up to Wednesday’s Budget, according to a report by Reuters citing a Goldman Sachs client note circulated prior to Chancellor Rachel Reeves’s statement.
New York–based hedge fund Engine Capital has begun a proxy contest at UniFirst, aiming to persuade the lead family trustees — who control the US uniform supplier through super-voting shares — to consider a sale of the business, potentially to rival Cintas, according to a report by The Boston Globe.
Neil Weller, formerly of Citadel, has joined political risk consultancy Eurasia Group, taking on the role of director of fixed income strategy in the firm’s London office, according to a report by Financial News London.
Anthony Scaramucci, founder of hedge fund SkyBridge Capital, has launched a new online course aimed at early-career professionals navigating a challenging labour market and rapid disruption from artificial intelligence, according to a report by Bloomberg.
David Tepper’s Appaloosa Management has taken a significantly larger position in American Airlines Group (AAL), adding 9.25 million shares during the third quarter, according to the firm’s latest 13F filing with the US Securities and Exchange Commission.
French hedge fund Capital Fund Management (CFM) has returned approximately $2bn from its flagship Stratus fund to investors, reflecting a surge in assets under management at the firm, according to a report by Bloomberg.
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