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A growing number of hedge funds – including Elliott Investment Management, Man Group and an AQR Capital Management affiliate – are returning to appraisal arbitrage, a strategy that challenges M&A deal prices in Delaware’s Chancery Court in pursuit of higher valuations, according to a report by Bloomberg.
Major multi-strategy hedge funds firms are continuing to expand their technology capabilities, with both Millennium Management and Citadel adding senior engineering talent in New York, according to a report by eFinancial Careers.
London-based Nickel Digital Asset Management, one of Europe’s leading regulated multi-manager digital assets hedge funds, is reopening its systematic Diversified Alpha Fund to new and additional subscriptions from 31 December 2025, after a period of strong performance and expansion.
Former Franchise Group chief executive Brian Kahn has pleaded guilty to participating in a years-long scheme that defrauded hedge fund investors of roughly $300m, a scandal that ultimately helped bring down both Prophecy Asset Management and FRG, according to a report by Bloomberg.
Blockstream Capital Partners is expanding its institutional investment platform with the acquisition of Corbiere Capital Management, a Jersey-based equities and event-driven hedge fund firm founded by former BlueCrest CIO Rodrigo Rodriguez.
Ilex Capital Partners, the equity long-short multi-manager launched in London by former Citadel traders Jonas Diedrich and Dave Sutton, has grown to around $7bn in assets following a fresh capital raise and continued performance gains, according to a report by Bloomberg.
New hedge fund launches are on the increase across Dubai and Abu Dhabi, as Senior Portfolio Managers from global multi-strats set up their own ventures – with many backed not by local sovereign wealth, but by major allocators in the US and Europe, according to a report by Bloomberg.
Hedge fund investors holding Brightline’s $1.1bn corporate debt are preparing a restructuring plan that could give them priority over other creditors while providing new financing to the struggling high-speed rail project, according to a report by Bloomberg.
Global short sellers continued to focus on consumer and Software & Services sectors in November, according to Hazeltree’s latest Shortside Crowdedness Report, which tracks anonymised data from over 600 asset managers globally.
London-based systematic digital asset manager Temple Capital, which manages around $120m in assets, has joined the collateral mirroring programme offered by digital asset exchange OKX in partnership with Standard Chartered.
